Overview
- Apple, which reported results Thursday, posted $111.2 billion in revenue and $2.01 in earnings per share, beating forecasts and setting a March‑quarter record.
- iPhone 17 demand drove about $56.99 billion in sales, a March‑quarter record, though Apple said advanced chip shortages constrained supply and that memory costs will rise in the June quarter.
- Services revenue reached a record $30.98 billion, and sales in Greater China climbed to about $20.5 billion.
- The board authorized a new $100 billion share repurchase and raised the dividend to $0.27 per share, payable May 14 to shareholders of record May 11.
- Apple guided June‑quarter revenue growth of 14% to 17% year over year as Tim Cook prepares to become executive chairman and John Ternus takes over as CEO on September 1.