Apple announced its latest earnings report! Vision Pro did the job

Apple did what it did again and took a solid stance against its competitors with its second quarter earnings report. The standout star of this quarter was undoubtedly Apple’s new apple, Vision Pro. This quarter, the company $90.8 billion generated revenue and earnings per share $1.53 explained as. Here are the details of the latest income report…

Apple second quarter earnings report announced

Considering analysts were forecasting revenue of $90.3 billion and earnings of $1.50 per share, Apple has exceeded expectations. While it’s down slightly from the same period last year ($94.8 billion in revenue and $1.52), Apple is still a solid performer.

The prominent star of this quarter is undoubtedly Apple’s new apple. VisionPro happened. This device, which was launched at the beginning of February, will be available by the end of the year, according to analysts. 450 thousand units can make sales. While this may seem like a low figure by Apple standards, the starting price of the Vision Pro is 3 thousand 500 dollars Since it is, it will still make a significant contribution to Apple’s annual revenue.

Apple also wants to show its confidence in its shareholders. 110 billion dollars announced a massive share buyback program. Luca Maestri, Apple CFO, stated that customer satisfaction and loyalty levels are very high, allowing the active device base to set a new record across all products and geographic segments and a new EPS record for the March quarter.

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When looked at on a product basis, revenue from the iPhone fell to $45.9 billion this year, while it was $51.3 billion in the same quarter last year. Much of this decline is attributed to lower-than-expected demand in China. On the other hand, income from services increased compared to last year. 23.8 billion and accounted for nearly 26 percent of Apple’s quarterly revenue.

Mac and iPad their income respectively 7.4 billion dollar and $5.5 billion happened as. In the wearable technology and accessories category, to $7.9 billion rose. As a result, Apple’s performance in this quarter continues to attract the attention of investors and technology enthusiasts, especially with its new products and strategic moves.

Apple shares are currently down about 10 percent in after-hours trading following the news. up 13 points. So, Apple again delivered what was expected from it and we can even say a little more. So what do you think about this issue? You can write your opinions in the comments section below.