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Apple Q2 2018 Results: $61.1 Billion Revenue, 52.2 Million iPhones, 9.1 Million iPads Sold

Apple has just published its financial results for Q2 2018. The company posted revenue of $61.1 billion, an increase of 16% from the year-ago quarter. Apple sold 9.1 million iPads, 52.2 million iPhones, and 4.1 million Macs during the quarter.

“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.”

Estimates and Expectations for Q2 2018, and the Year-Ago Quarter (Q2 2017)

Apple's revenue guidance for Q2 2018 fell between $60 billion and $62 billion, with gross margin estimated to be between 38% and 38.5%.

Going into today’s earnings call, Seeking Alpha reports that:

The Street has gone into “full panic mode” ahead of next week’s Apple (NASDAQ:AAPL) earnings report, according to GBH analyst Daniel Ives.

Ives: “Heading into Apple’s much anticipated March (FY2Q18) quarter next week the Street has gone into ‘full panic mode’ as supply chain checks out of Asia indicate that June iPhone shipments are trending well below expectations.” 

In the year-ago quarter (Q2 2017), Apple earned $52.9 billion in revenue. During that quarter Apple sold 50.8 million iPhones, 8.9 million iPads, and 4.2 million Macs.

Graphical Visualization

Below, we've compiled a graphical visualization of Apple's Q2 2018 financial results.

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