Apple has announced its financial results for the quarter ending March 28. In a press release, the company reported revenue of $111.2 billion, representing a 17 percent increase compared to last year’s second quarter. Apple also noted that the iPhone 17 lineup is its most popular to date.
Apple CEO Tim Cook said the company had its best-ever performance in the March quarter, with the iPhone also recording record performance in March. He said Apple’s services segment has reached an all-time high.
Meanwhile, Apple CFO Kevan Parekh revealed that Apple generated more than $28 billion in operating cash flow. in a statement to financial TimesHe said the iPhone 17 lineup was the company’s most popular lineup to date and said the iPhone may have also gained market share during the quarter.
The iPhone 17 lineup includes the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, iPhone 17e, and iPhone Air.
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Apple also shared revenue details during the earnings call. Total product revenue was $80.2 billion, while services revenue was $31 billion. The iPhone alone brought in $57 billion in revenue. The company said iPhone sales saw double-digit growth in several markets, including the US, Western Europe, India, Japan, Greater China and Southeast Asia.
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Among other segments, Mac revenue reached $8.4 billion, iPad contributed $6.9 billion, and Wearables, Home & Accessories contributed $7.9 billion.
