Apple in Q2: Sold fewer iPhones than last year, but also made more money<article>
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<p>Fresh off a
record-breaking $78.4 billion first quarter, Apple reported a decidedly more muted Q2 of fiscal year 2017: a profit of $11 billion, or $2.10 per share, on revenue of $52.9 billion.</p><p>The quarter ending April 1 saw no new flagship iPhones, though there was a refreshed iPhone SE and a special edition red model. But Apple usually sees a decline from Q1 to Q2. And the results are better than the year-ago Q2, which saw profit of $1.90 per share on $50.6 billion in revenue.</p><p>Apple CEO Tim Cook said the company saw “continued robust demand for iPhone 7 Plus” and “strong momentum of our services business, with our highest revenue ever for a 13-week quarter.”</p><p class="jumpTag"><a href="/article/3193897/techology-business/apple-in-q2-sold-fewer-iphones-than-last-year-but-also-made-more-money.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Apple in Q2: Sold fewer iPhones than last year, but also made more money
