Apple Just Had a Huge Quarter — Here’s What You Need to Know
- They made $95.4 billion in revenue — that’s 5% more than they made during the same time last year.
- Profits per share went up 8%, hitting a new March quarter record.
Big Wins This Quarter:
- Apple’s Services are booming. This includes things like iCloud, Apple Music, and the App Store. That part of the company brought in the most money it ever has.
- The iPhone 16e launched, and Apple also released new Macs and iPads using their own super-fast chips.
- Apple says it’s cut its carbon emissions by 60% over the last 10 years.
Other Good News:
- Apple has more active devices in use than ever before — across iPhones, iPads, Macs, and more.
- The company brought in a massive $24 billion in cash and gave $29 billion back to shareholders (through things like buying back stock and paying dividends).
- Apple is increasing its quarterly payout to shareholders (called a dividend) to $0.26 per share, and it’s planning to buy back up to $100 billion worth of its own stock.
Want to Hear More?
You can listen to Apple’s official Q2 earnings call here starting May 1 at 2 PM Pacific. The recording will be up for two weeks if you miss it. You can also read Apple's full press release here.
