Apple has announced its financial results for the quarter ending March 28. In a press release, the company reported revenue of $111.2 billion, marking a 17 percent increase compared to Q2 last year. Apple also noted that the iPhone 17 lineup is its most popular to date.
Tim Cook, Apple’s CEO, said the company delivered its best-ever March quarter, with the iPhone also posting a record March performance. He added that Apple’s Services segment reached an all-time high.
Meanwhile, Apple’s CFO Kevan Parekh revealed that Apple generated over $28 billion in operating cash flow. In a statement to the Financial Times, he noted that the iPhone 17 lineup was the company’s most popular to date and added that the iPhone may have even gained market share during the quarter.
The iPhone 17 lineup consists of the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, iPhone 17e, and the iPhone Air.
Apple iPhone 17e
Apple also shared a detailed revenue breakdown during the earnings call. Total product revenue came in at $80.2 billion, while Services generated $31 billion. The iPhone alone accounted for $57 billion in revenue. The company added that iPhone sales saw double-digit growth across several markets, including the US, Western Europe, India, Japan, Greater China, and Southeast Asia.
Apple iPhone 17
Apple iPhone 17 Pro
In other segments, Mac revenue reached $8.4 billion, iPad brought in $6.9 billion, and Wearables, Home, and Accessories contributed $7.9 billion.
