Apple Reports Record March-Quarter Revenue

SAN FRANCISCO, May 1 (Bernama-Xinhua) -- Apple on Thursday announced financial results for its fiscal 2026 second quarter ended March 28, with quarterly revenue of US$111.2 billion, up 17 per cent year over year, reported Xinhua.

The company posted quarterly earnings per diluted share of US$2.01, up 22 per cent year over year.

Its net income for the quarter increased to US$29.58 billion from US$24.78 billion a year ago.

The company's service sales rose to US$30.98 billion from US$26.65 billion year on year, and its sales of iPhone increased to US$56.99 billion from US$46.84 billion a year ago.

Its sales of Mac rose to US$8.4 billion from US$7.95 billion a year ago, while sales of iPad increased to US$6.91 billion from US$6.4 billion.

Sales of Wearables, Home and Accessories products rose to US$7.9 billion from US$7.52 billion a year ago.

Apple's net sales in the Greater China region increased to US$20.5 billion from US$16 billion a year ago, according to Apple's financial statement.

"Today Apple is proud to report our best March quarter ever, with revenue of US$111.2 billion and double-digit growth across every geographic segment," said Apple's CEO Tim Cook.

"iPhone achieved a March quarter revenue record, fuelled by such extraordinary demand for the iPhone 17 lineup."

Apple's board of directors has declared a cash dividend of US$0.27 per share of the company's common stock, an increase of four per cent.

The dividend is payable on May 14, 2026, to shareholders of record as of the close of business on May 11, 2026.

The board of directors has also authorised an additional programme to repurchase up to US$100 billion of the company's common stock.

-- BERNAMA-XINHUA