Apple Reports Q2 2018 Results: $61.1 B Revenue, 16% Total Revenue Growth

Eelier on May 1, Apple announced financial results for the second fiscal quarter of 2018, which corresponds to the first calendar quarter of the year. The fiscal report shows the revenue of first three months in the year was $61.1 billion dollars, net quarterly profit was $13.8 billion, and total revenue grows 16%. In this three months of revenue and profits, Apple has made the best record in history over these years.

In the quarter, specifically, Apple posted revenue of $61.1 billion and net quarterly profit of $13.8 billion, or $2.73 per diluted share, compared to revenue of $52.9 billion and net quarterly profit of $11.0 billion, or $2.10 per diluted share, in the year-ago quarter. The revenue, profit, and earnings per share numbers were records for any second fiscal quarter in the company’s history.

Gross margin for the quarter was 38.3 percent, compared to 38.9 percent in the year-ago quarter, with international sales accounting for 65 percent of revenue. Apple also declared an increased quarterly dividend payment of $0.73 per share, up from $0.63. The dividend is payable on May 17 to shareholders of record as of May 14.

In addition to the increase in the dividend payment, Apple says it will start a new share repurchase authorization of $100 billion and the company says it expects to wrap up its previous $210 billion repurchase authorization by the end of the current quarter.

Over this data, most people care the iPhone’s sales. But don’t worry, the iPhone’s overall sales reached 52.2 million units in the quarter, despite previous reports of poor sales, which higher than the same time last year 51 million.

In addition, Apple had sole iPad for 9.1 million, up from 8.9 million a year ago, while Mac sales slipped to 4.1 million from 4.2 million.

“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.”

Meanwhile, in the first quarter, Apple posted revenue of 88.3 billion, profit of 20.1 billion, iPhone sales of 77.3 million, iPad sales of 13.2 million, Mac computer sales of 5.1 million.