Overview
- Apple, which reported results Thursday after the bell, posted $111.2 billion in fiscal Q2 revenue and earnings of $2.01 per share, setting a March-quarter record.
- Apple’s board approved a fresh $100 billion share repurchase and raised the quarterly dividend to $0.27 per share.
- For the current quarter, Apple forecast 14% to 17% year-over-year revenue growth and warned that memory costs will rise after the June quarter.
- iPhone revenue was about $57 billion on strong iPhone 17 demand, though Tim Cook said volumes were capped by limited supply of advanced processor chips built on the same leading-edge manufacturing used for top AI processors.
- Services revenue hit an all-time high of $30.98 billion, extending Apple’s move toward higher-margin software and subscriptions alongside its hardware business.