Apple announces Q2/2017 earnings results

Category: MOBILE & WEARABLE, TECH NEWS 9 0

Apple is now one of the biggest companies in the world. Apple is no longer the company that only sells iPhone, iPad and Mac. The Cupertino Company has been working on expanding its business for years. Apple has just announced its Q2 2017 earnings results showing a strong growth in sales.

According to the earnings report, Apple posted revenue of $52.9 billion and net quarterly profit of $11.0 billion, a slight increase compared to same quarter last year. Specifically, the Cupertino company sold more than 50 million iPhone units, 8.92 million iPad units and 4.19 million Mac units during the second quarter of the year.

Apple’s Q2/2017 earnings results

In reality, today’s earnings report saw a drop in revenue when compared to the first quarter of 2017. During the first three months of the year, Apple sold more than 78 million iPhone units worldwide, 13 million iPad units and 5.3 million Macs.

Besides, Apple also reported an increase in the dividend payment. Accordingly, the dividend payment saw a $0.63 per share for the second quarter of the year, up from $0.57 reported in the first quarter of 2017.

According to tech analysts, Apple will see a significant rise in sales in the fourth quarter of the year when the company launches the next generation iPhone models later this year. The premium iPhone 8 with key components could be a struggle for Apple, but the device may serve as the company’s strategic plan to hit back at Samsung this year. Sources say that Apple is expecting to post revenue of $43.5–45.5 billion for the third quarter of the year.

Apple is expected to launch three iPhone models this year including a premium device with OLED display and high-end specs. Sources also say that Apple may delay the iPhone 8 launch to October or November this year due to supply issues.

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