iPhone maker Apple Inc. (AAPL) on Thursday reported second-quarter results, with revenue and profit increasing year-over-year, driven by strong iPhone sales and services revenue.
Revenue for the quarter was $111.2 billion, compared to $95.4 billion in the same period last year.
The company reported net income of $29.6 billion, or $2.01 per share, compared to $24.8 billion, or $1.65 per share, a year ago.
iPhone revenue rose to $57.0 billion from $46.8 billion last year, while services revenue increased to $31.0 billion from $26.6 billion.
Mac revenue edged up to $8.4 billion from $7.9 billion, while iPad revenue increased to $6.9 billion from $6.4 billion. Revenue from wearables, home and accessories grew to $7.9 billion from $7.5 billion. The company reported double-digit growth across all geographic segments.
The board declared a quarterly dividend of $0.27 per share and authorized an additional $100 billion share repurchase program.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.