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Apple has published its financial results for the second quarter of the fiscal year 2026, and they are exceptionally strong. The company achieved revenues of $111.2 billion, which represents a 17 percent year-over-year increase. Even better is the earnings per share, which rose by 22 percent. This is the best second quarter in Apple’s history, with the biggest driving force being the enormous demand for the iPhone 17 series.
iPhone 17 and services lift Apple up
According to Tim Cook, record results are the result of very high interest in new devices, especially the iPhone 17. The smartphone has proven to be one of the strongest points of Apple’s offering, generating the highest revenue in the company's history for the March quarter. At the same time, Apple recorded another record in the services segment, which has been becoming an increasingly important pillar of the company's business for several years. Growing revenue from subscriptions, the App Store, and cloud services shows that Apple is increasingly relying less solely on hardware sales. The company also highlighted the success of new devices like the iPad Air with the M4 chip and the MacBook Neo, which according to Apple has received very positive feedback worldwide. This is important because it shows that the company can maintain high interest not only in flagship smartphones but also in computers and tablets.
Apple Increases Dividend and Buyback
Strong financial results have allowed Apple to take further actions beneficial to shareholders. The company has increased the dividend by 4 percent and announced an expansion of its stock buyback program by an additional 100 billion dollars. This is a signal that Apple continues to generate huge cash flows and remains one of the most profitable technology companies in the world. At the same time, a record number of active devices demonstrates how strong the Apple ecosystem is. The more users that utilize the company's products, the more significant the services and additional devices become, driving further revenue growth.
Apple recorded its best second quarter in history. Huge iPhone 17 sales, record revenue from services, and a strong ecosystem allow the company to maintain its dominant position in the technology market.
source: apple
