Apple reported its strongest second quarter ever on Wednesday, with revenue reaching 111.2 billion dollars. The company cited strong demand for the new iPhone 17 and growing interest in artificial intelligence products as key drivers of growth.
The tech giant’s earnings report showed a 7 percent increase in revenue compared to the same period last year. Analysts had expected a more modest gain, but Apple’s performance exceeded forecasts. The iPhone 17, released in September, accounted for a significant portion of the revenue, with pre-order numbers breaking company records.
However, Apple warned that supply chain challenges could impact future deliveries and profit margins. A shortage of key components and rising memory chip prices are expected to create pressure on production costs. The company did not specify which suppliers were affected but noted that deliveries for some AI-enabled accessories may be delayed in the second half of the year.
Despite these concerns, Apple’s services segment continued to expand. Revenue from subscriptions, cloud storage, and digital content reached 24 billion dollars, up 12 percent from the previous year. The growth reflects Apple’s strategy to shift toward recurring revenue streams beyond hardware sales.
The company also announced a 5 percent increase in quarterly dividends, raising the payout to 0.25 dollars per share. Apple’s stock rose 3 percent in after-hours trading following the earnings announcement.
Source: itavisen.no