Apple Announces Q2, 2017 Results with Modest Growth in Earnings but Flat iPhone Sales. The leading smartphone company of the world, Apple has today announced its Q2, 2017 financial results. Apple posted $52.9 billion revenues for Q2 of 2017.
Apple Announces Q2, 2017 Results with Modest Growth in Earnings but Flat iPhone Sales
The CEO of Apple, Tim Cook on this occasion said that:
“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.”
“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.”
Whereas, these stats have fallen slightly below as forecasted by the Wall Street.
Apple sold around 50.8 million iPhones whereas expectations were to sell approximately 51.4 million iPhones.
Hence, analyzing the financial results critically, this can be marked as a slight miss in terms of revenues.
As far as the services are concerned, Apple has witnessed a growth of $7 billion in revenue from services. This is some how a healthy clip.
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Let’s have a look at the chart explaining the Apple’s financial results: