This afternoon, Apple announced their earnings for the second quarter of their 2017 fiscal year. Revenue was up 5% year-over-year to $52.896 billion. Operating income for the quarter was up 6.6% to $14.097 billion, and net income was up just under 5% to $11.029 billion. This resulted in diluted earnings per share of $2.10.
Apple is also announcing they are expanding their capital return program, and the board has increased the capital return to shareholders another $50 billion, making the total program worth $300 billion in dividends and share repurchases by the time it wraps up in March 2019.
Apple Q2 2017 Financial Results (GAAP)
Revenue (in Billions USD)
Gross Margin (in Billions USD)
Operating Income (in Billions USD)
Net Income (in Billions USD)
Earnings per Share (in USD)
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