Apple increases its profits by 19.4% until March, thanks to China and the boost in iPhone sales

By Jesus Vargas

Apple reports record profits in its fiscal second quarter

In a context of growing competition in the technology sector, Apple has presented financial results that exceed expectations. During the second fiscal quarter, which covers the months of January through March, the company reported a net profit of 29,578 million dollars (25,289 million euros), which represents an increase in 19.4% compared to the same period of the previous year.

Apple CEO Tim Cook highlighted that this quarter has been the best March in the company's history. According to Cook, the demand for iPhone 17 has been exceptional, which has contributed to sales revenue for this device reaching record figures. Furthermore, the services segment has also achieved a new all-time high in this quarter.

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Apple's net sales during this period reached 111,184 million dollars (95,062 million euros), marking an interannual growth of 16.6%. This result translates into a new record for the company in the second fiscal quarter.

In terms of revenue by region, America reported an increase of 11.8%, reaching 45,093 million dollars (38,554 million euros). In Europe, growth was 14.7%, with income of 28,055 million dollars (23,987 million euros). Japan also showed an increase in 15%, reaching 8,401 million dollars (7,183 million euros), while in China, revenues grew a notable 28%, adding 20,497 million dollars (17,525 million euros).

Increase in dividends and share repurchase plan

In terms of products, iPhone sales were the most notable, generating 56,994 million dollars (48,730 million euros), a 21.7% more than the previous year. Mac sales also showed growth of 5.7%, reaching 8,399 million dollars (7,181 million euros), while iPad sales grew by 8%, adding 6,914 million dollars (5,911 million euros).

The services segment, which includes applications, subscriptions and other revenues, reported an increase in 16.3%, reaching 30,976 million dollars (26,484 million euros). For their part, sales of accessories added 7,901 million dollars (6,755 million euros), a 5% more than in the same period of the previous year.

In the first half of its fiscal year, Apple achieved a net profit of 71,675 million dollars (61,282 million euros), a 17.3% above the result of the previous year. Total sales in this period reached $254.94 billion (217,972 million euros), which represents a growth of 16%.

In terms of sales by region in the semester, America grew by 11.5%, reaching 103,622 million dollars (88,596 million euros). Europe had an increase of 13.6%, with 66,201 million dollars (56,602 million euros) in income. Japan showed growth 9.4%, reaching 17,814 million dollars (15,230 million euros), while in China, sales grew by 33.3%, adding 46,023 million dollars (39,349 million euros).

In terms of products, iPhone sales in the semester reached 142,263 million dollars (121,634 million euros), a 22.7% more than the previous year. However, Mac sales saw a slight decline. 0.9%, adding 16,785 million dollars (14,351 million euros). iPad sales, on the other hand, grew by 7%, reaching 15,509 million dollars (13,260 million euros).

Billing for services also showed a significant increase in 15%, reaching 60,989 million dollars (52,145 million euros). Accessories sales increased 19,394 million dollars (16,582 million euros), an increase of 0.6%.

Apple CFO Kevan Parekh highlighted that the quarter's strong business performance generated more than 28 billion dollars in operating cash flow, setting new records both in this indicator and in earnings per share. Strong demand for products and services has led the company to reach a new all-time high in its installed base of active devices.

In a decision reflecting confidence in its performance, Apple's board of directors has declared a cash dividend of $0.27 per ordinary share, which represents an increase in 4%. This dividend will be paid next May 14. In addition, a share buyback program of up to 100 billion dollars (85.5 billion euros).