AAPL · Apple Inc.

Apple reported a record March quarter, with total revenue of $111.2 billion, up 17% year over year, driven by strong iPhone demand and an all-time high in Services revenue. iPhone revenue reached $56.994 billion, a March quarter record, attributed to the iPhone 17 lineup. Services revenue grew 16% to $30.976 billion, setting a new all-time high. Gross margin improved to $54.781 billion from $44.867 billion in the prior year, reflecting higher revenue and cost management. Operating income rose to $35.885 billion, up 21% year over year. Diluted EPS of $2.01 was up 22% from $1.65, also a March quarter record. Geographically, all segments grew double digits, with Greater China leading at 28% growth. Management highlighted the installed base of active devices reaching an all-time high across all major product categories and geographic segments. The board declared a quarterly dividend of $0.27 per share, a 4% increase, and authorized an additional $100 billion share repurchase program. Operating cash flow for the quarter exceeded $28 billion, contributing to a strong balance sheet with $45.572 billion in cash and equivalents. No forward guidance was provided in the release.