Apple reports second quarter results
Tuesday, May 2, 2017 ∞
Apple announced the results for the second fiscal quarter of 2017, and performance over the year-ago quarter is mixed. While revenue was up $2.3 billion and profit was up $500 million over last year, that increase wasn't reflected by unit sales:
- iPhone sales fell from 51.1 million to 50.8 million
- Mac sales rose from 4.03 million to 4.2 million
- iPad sales fell from 10.25 million to 8.92 million
Once again, services accounted for much of the growth, as well as the "other products" category which includes Apple Watch, Apple TV, iPod, and accessories:
- Services revenue rose from $5.99 billion to $7.04 billion
- Other products revenue rose from $2.19 billion to $2.87 billion
A couple other observations: iPhone revenue was slightly up despite the lower unit sales. Mac revenue also outpaced the increase in units, suggesting a higher average selling price due to the new MacBook Pro with Touch Bar.