Apple’s Strong Fiscal Q2 Performance
Apple Inc. (NASDAQ: AAPL) reported a 17% increase in revenue for its fiscal second quarter, reaching $111.18 billion. The company’s earnings per share (EPS) rose by 22% to $2.01, surpassing analyst expectations of $1.95, driven by robust iPhone sales that grew 22% year over year to $57 billion.
Sales from other product segments were also impressive, including iPads, which increased by 8% to $6.9 billion, and Mac sales up 6% to $8.4 billion. Total product segment sales amounted to $80.2 billion, while the services segment revenue grew 16% to $31 billion.
Looking ahead, Apple anticipates third-quarter revenue growth of 15% to 17% year over year and expects gross margins to range between 47.5% and 48.5%.
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