Overview
- Apple, which reported results Thursday, posted $111.2 billion in fiscal Q2 revenue and $2.01 in diluted EPS.
- iPhone revenue hit $56.994 billion, a quarterly record, while services rose to $30.976 billion.
- Sales in Greater China climbed 28% to $20.497 billion as the region outpaced other markets.
- The board raised the quarterly dividend to 27 cents per share and approved up to $100 billion in buybacks.
- CFO Kevan Parekh said limited supply of advanced chips, with foundries prioritizing AI orders such as Nvidia’s, restrained sales.