Apple announces their Q2 2017 financial earnings, reporting $11 billion in profit
As scheduled, Apple has officially released their Q2 2017 financial earnings, beating expectations by announcing an $11 billion profit on $52.9 of revenue.
For the second fiscal quarter of 2017 Apple as revealed that iPhone sales were down, with the company selling 50.8 million iPhone handsets (from 51.1 million a year earlier) however Mac sales rose slightly to 4.20 million units from 4.03 million units in the year-ago quarter.
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.
“We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus,” said Tim Cook in statement. “We’ve seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we’re 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 next month in San Jose.”
Following tradition, Apple executives Tim Cook and CFO Luca Maestri shall be taking part in a Q&A with investors and members of the media shortly after the official earnings call has finished, a live session which usually reveals facts from inside Apple alongside giving us all a small glimpse into what the company has planned for the rest of the year.
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