Apple today announced financial results for the fiscal 2018 second quarter ended March 31, 2018. The Cupertino company posted quarterly revenue of $61.1 billion, an increase of 16% from the year-ago quarter. Its quarterly earnings per diluted share of $2.73, up 30%. International sales accounted for 65% of the quarter’s revenue.
“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.”
The company’s Board has declared a cash dividend of $0.73 per share of Apple’s common stock payable on May 17, 2018 to shareholders of record as of the close of business on May 14, 2018.
During the quarter, Apple sold 52.2 million iPhones, up from 50.8 million in the year-ago quarter. iPad sales were up slightly to 9.1 million, up from 8.9 million a year ago. Mac sales slid a bit, to 4.1 million from 4.2 million.
Apple is providing the following guidance for its fiscal 2018 third quarter:
- Revenue between $51.5 billion and $53.5 billion
- Gross margin between 38 percent and 38.5 percent
- Operating expenses between $7.7 billion and $7.8 billion
- Other income/(expense) of $400 million
- Tax rate of approximately 14.5 percent
