Apple Revenues Grew to $52.9 Billion in Q2, iPhone Sales Decreased Slightly
Apple has just revealed the financial results for the second quarter of the fiscal year 2017 and the company posted a total of $52.9 billion in revenue and year-over-year growth. However, iPhone sales dropped compared to the same months of last year.
During the second quarter of this fiscal year, Apple managed to ship 50.8 million iPhones, down from 51.2 million shipped during the same period of 2016. Despite this, Apple managed to exceed profit expectations and reported earnings per share of $2.10.
Even though iPhone sales dropped 1%, revenue actually increased slightly, showing that sales of the premium iPhone 7 Plus have actually increased. Apple’s Services business recorded by 18% higher revenue compared to the same peri… (read more)