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Apple has revealed its latest earnings figures in a call to investors to mark the end of its Q2. CEO Tim Cook revealed $52.9b in revenue and $11.03b in profit, thanks to sales of 50.7m iPhones, 8.92m iPads and 4.19m Macs.
Compared to this time last year, revenue is up around 4 percent. However, iPhone sales are down slightly from $51.1m and iPads shower a larger decline from 10.2m, while Mac sales remain relatively stable up from 4m this time last year.
Apple’s Q2 revenue was just shy of analyst predictions of $53.1b, causing its share price to drop by 2 percent.
The figures are completely different from the previous quarter, however, though that’s to be expected. Apple achieved $78.4b in revenue with 78.3m iPhones sold, 13m iPads, and 5.3m Macs in the last four months of 2016.
Of course, the results would have had a tough job keeping up with the previous quarter which included holiday sales and the new iPhone launch. However, they may have got a small bump from the release of the new Red iPhone and $329 entry-level iPad.
As usual, certain products weren’t reported – such as the Apple Watch or AirPods. However, Cook did say that its AirPods and ‘Wearables’ (which encompasses Beats products) arm is the size of a Fortune 500 company, and that Apple Watch sales doubled year-on-year.
Elsewhere, Services, which incorporates things like the App Store, Apple Music and Apple Pay gained $7b in revenue, up 17 percent year-on-year. Apple Pay transactions volume was up a massive 450 percent.
Of the results, Cook said:
“We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus,” said Tim Cook, Apple’s CEO. “We’ve seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we’re thrilled with the strong momentum of our Services business, with our highest revenue ever for a 13-week quarter. Looking ahead, we are excited to welcome attendees from around the world to our annual Worldwide Developers Conference next month in San Jose.”