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We advise you to consider whether trading leveraged products is appropriate for you in light of your own personal circumstances. There is a substantial risk that you may lose all of your initial investment. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings here: Risk Disclosure Statement. Tim Cook explains that 7 of top 10 trafficked retail stores are in Greater China, but performance was hurt by a 5% devaluation in currency.HIGH RISK INVESTMENT WARNING: Leveraged trading in foreign currency contracts, contracts for difference or other off-exchange products carries a high level of risk and may not be suitable for everyone. Q3 2017 guidance of $43.5 to $45.5 billion in revenue, gross margin between 37.5 and 38.5%, and operating expenses of $6.6 - $6.7 billion. Revenue from wearables (Apple Watch, Beats, and AirPods) was the size of a Fortune 500 company.Īpple Retail is debuting new experiences to customers like the Dubai Mall store.Īpple spent over $50 billion on US suppliers in the last fiscal year.Īpple is raising its dividend to $0.63/share and extending its stock buy-back program to March 2019.
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Gains in market share for the Mac driven by new MacBook Pro and investing aggressively in the Touch Bar feature.Īpple Watch sales doubled year-over-year.ĩ8% customer satisfaction for AirPods and demand exceeds supply. Notes from the CallĪpp Store revenue up 40% year-over-year and the number of developers is up 26%.ģ80,000 messages sent per second during the Super Bowl from Messages app. During that quarter Apple sold 51.2 million iPhones, 10.3 million iPads and 4 million Macs. In the year ago quarter (Q2 2016), Apple earned $50.6 billion in revenue, and $10.5 billion in profit. The company attributed the increase to a “very strong product mix and the amazing success of iPhone 7 Plus” on its earnings call. In the previous quarter, Apple benefited from a rise in average selling prices, jumping to $695 from $619 in fiscal Q4. iPhone sales are expected to increase 4.3% from a year ago, according to Wall Street estimates. The big focus this quarter is on the company’s flagship smartphone products. In the last quarter, it reported all-time record quarterly revenue on strong holiday results, with international sales accounting for 64% of the quarter’s revenue, according to its earnings press release. Going into today’s earnings call, Forbes reported that:Īpple is expected to report earnings of $2.01 per share, up from $1.90 in the same period last year, on revenue of $52.61 billion, according to consensus third-party analyst estimates. Looking ahead, we are excited to welcome attendees from around the world to our annual Worldwide Developers Conference next month in San Jose.”Įstimates and Expectations for Q2 2017, and the Year-Ago Quarter (Q2 2016)Īpple’s revenue guidance for Q2 2017 fell between $51.5 billion and $53.5 billion, with gross margin estimated to be between 38% and 39%. “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. “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, Apple’s CEO. Apple sold 8.9 million iPads, 50.8 million iPhones, and 4.2 million Macs during the quarter. The company posted revenue of $52.9 billion with a quarterly net profit of $11 billion.
Apple has just published its financial results for Q2 2017, which covered the period from Januthrough to April 1, 2017.
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