Apple Reports FY18 Q2 Earnings Result: $52.2 Billion In Revenue, Sold 52.2 Million iPhones

Apple has just released the 2018 Q2 earnings report, it shows that in the first quarter of 2018, it had made a revenue of $61.1 billion and a profit of $13.8 billion. A total of 52.2 million iPhones, 9.1 million iPads and 4.07 million Macs were sold. Also, Q2’s Gross profit margin was 38.3%, international sales accounted for 65% of revenue.

In contrast, Apple’s revenues in a year-ago quarter (2017 Q2) was $52.9 billion, with a profit of $11.03 billion. A total of 50.7 million iPhones, 8.92 million iPads, and 4.19 million Mac were sold during a year ago period.

 “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.”

Apple’s guidance plan for the third quarter of 2018 is:

– Revenues ranged from $51.5 to $53.5 billion;

– Gross margin between 38 and 38.5%;

– Operating expenses range from $7.7 to $7.8 billion

– Other income/(expense) expected to be at $400 million.

Image Via Opptrends

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Published by

Jing Moreno

Hi, I am Jing, Apple News Writer For Apple Summit.

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