The ups and downs of Apple’s revenue, earnings, iPhone sales, services and revenue from greater China.
From the press release:
Apple® today announced financial results for its fiscal 2018 second quarter ended March 31, 2018. The Company posted quarterly revenue of $61.1 billion, an increase of 16 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.73, up 30 percent. International sales accounted for 65 percent 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 year-over-year-growth graphs in the charts below tell the story. Revenue up 15%, EPS up 30%, Services up 30%, Greater China up 20%.
iPhone unit sales, as expected, grew weakly—only 3%. But iPhone ASPs grew 11% on the strength of iPhone X sales, sales that many analysts had all-but written off.
Apple shares, which closed up 2.3%, popped another 3.7% after hours.
Below: The five charts. Click the second column to see year-over-year growth. (Not seeing the charts? Try the website.)