{"id":339928,"date":"2017-05-03T04:39:05","date_gmt":"2017-05-02T20:39:05","guid":{"rendered":"https:\/\/www.macrumors.com\/2017\/05\/02\/2q-2017-results\/"},"modified":"2017-05-03T04:39:05","modified_gmt":"2017-05-02T20:39:05","slug":"apple-reports-2q-2017-results-11b-profit-on-52-9b-revenue-50-8m-iphones","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/apple-reports-2q-2017-results-11b-profit-on-52-9b-revenue-50-8m-iphones\/","title":{"rendered":"Apple Reports 2Q 2017 Results: $11B Profit on $52.9B Revenue, 50.8M iPhones"},"content":{"rendered":"

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Apple today announced<\/a> financial results for the second fiscal quarter of 2017, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $52.9 billion and net quarterly profit of $11.0 billion, or $2.10 per diluted share, compared to revenue of $50.6 billion and net quarterly profit of $10.5 billion, or $1.90 per diluted share, in the year-ago quarter<\/a>.<\/p>\n

Gross margin for the quarter was 38.9 percent compared to 39.4 percent in the year-ago quarter, with international sales accounting for 65 percent of revenue. Apple also declared an increased quarterly dividend payment of $0.63 per share, up from $0.57. The dividend is payable on May 18 to shareholders of record as of May 15.<\/p>\n

In addition to the increase in the dividend payment, Apple says it will once again expand its share repurchase authorization by an additional $50 billion and the company says it expects to spend a total $300 billion in cash under its overall capital return program by the end of March 2019.<\/p>\n

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\nApple sold 50.8 million iPhones during the quarter, down slightly from 51.1 million a year earlier, while Mac sales rose slightly to 4.20 million units from 4.03 million units in the year-ago quarter. iPad<\/a> sales continued to decline, falling to 8.92 million from 10.25 million.<\/p>\n

\u201cWe are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7<\/a> Plus,\u201d said Tim Cook<\/a>, Apple\u2019s CEO. \u201cWe\u2019ve seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we\u2019re thrilled with the strong momentum of our Services business, with our highest revenue ever for a 13-week quarter. Looking ahead, we are excited to welcome attendees from around the world to our annual Worldwide Developers Conference<\/a> next month in San Jose.\u201d<\/p><\/blockquote>\n

Apple’s guidance for the third quarter of fiscal 2017 includes expected revenue of $43.5\u201345.5 billion and gross margin between 37.5 and 38.5 percent.<\/p>\n

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\nApple will provide live streaming<\/a> of its fiscal Q2 2017 financial results conference call at 2:00 PM Pacific, and MacRumors<\/i> will update this story with coverage of the conference call highlights.<\/p>\n

Conference call transcript herein\u2026<\/b><\/p>\n

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