Apple posted quarterly revenue of $95.4 billion, up 5 percent year over year, and quarterly diluted earnings per share of $1.65, up 8 percent year over year.
March quarter business performance drove EPS growth of 8 percent and $24 billion in operating cash flow, allowing us to return $29 billion to shareholders.
- EPS: $1.65 vs. $1.63 estimated by LSEG
- Revenue: $95.4 billion vs. $94.66 billion estimated by LSEG
- iPhone revenue: $46.84 billion vs. $45.84 billion estimated, per StreetAccount
- Mac revenue: $7.95 billion vs. $7.77 billion estimated, per StreetAccount
- iPad revenue: $6.4 billion vs. $6.20 billion estimated, per StreetAccount
- Wearables, Home, and Accessories revenue: $7.52 billion vs. $7.95 billion, per StreetAccount
- Services revenue: $26.65 billion vs. $26.70 billion, per StreetAccount
- Gross margin: 47.1% vs. 47.1%, per StreetAccount
- Apple said its board authorized up to $100 billion in share repurchases this quarter, down from $110 billion in authorization last year. Apple also said it would pay a dividend of 26 cents per share, a 4% increase.
- The company reported $1.65 per share on $24.78 billion of net income during the quarter, versus $23.64 billion, or $1.53 per share, in the year-ago period.
- The company’s most important product line, iPhones, topped estimates at $46.8 billion in sales during the quarter. The overall product line’s sales were up just under 2% on an annual basis.
- Services growth to $26.65 billion in revenue during the quarter, an annual increase of 11.65%,
- Mac sales rose nearly 7% to just under $8 billion, and iPad sales were up 15% on an annual basis to $6.4 billion.
