Apple reports better-than-expected profits and revenue, but iPhone disappoints

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By TP

This Thursday, Apple presented its business results corresponding to its second fiscal quarter 2026, in which it obtained a net profit of 29,578 million dollars19.26% more than in the same period of the previous year, when it registered 24,780 million. This translates into an earnings per share (EPS) of $2.01, above last year’s $1.65 per share and consensus forecasts, which pointed to $1.95. Regarding income, The company has exceeded expectations by reaching 111,184 million dollarswhich represents a year-on-year increase of 16.59% compared to 95,359 million a year ago. The market expected revenues of 109,660 million. By productsiPhone sales have recorded a turnover of 56,994 million dollars, above the 46,841 million of the same quarter of the previous year but below the expected 57,210 million. For its part, income from Mac has been 8,399 million dollars, a figure that improves the estimated 8,020 million dollars. In the case of the iPad, sales have risen to 6,914 million dollars, higher than the 6,660 million anticipated by the market. Besides, The Technology, Home and Accessories segment has reached 7,901 million dollars, and the Services division has registered a rebound to 30,976 million. By geographical area, America remains the main market for the apple firm, reporting sales worth 45,093 million. In Europe, income has increased to 28,055 million, while in Japan, it has risen to 8,401 million. In the case of China, income has risen from 16,002 million to 20,497 million.
The board of directors of Apple has declared a cash dividend of $0.27 per share, which will be paid on May 14 to shareholders of record at the close of business on May 11.
Tim Cook, CEO of the companyassures that «Apple is proud to announce its best March quarter to date, with revenues of $111.2 billion and double-digit growth across all geographic segments.» «iPhone reached record revenue in March quarter, driven by extraordinary demand for the iPhone 17 line. During the quarter, Services achieved another all-time high, and we are excited to introduce new products that add to our strongest range yet. This includes the addition of the iPhone 17e and iPad Air with M4 processor, along with the launch of the MacBook Neo, which is captivating customers around the world,» he adds. The Board of Directors has also authorized an additional program to buy back up to 100,000 million of dollars of common stock of the company.

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