Apple Q2 Revenue Hits $111.2B, iPhone 17 Sales Up 22% and $100B Buyback
AAPL•Apple posted fiscal Q2 revenue of $111.2B, up 17%, with iPhone 17 sales rising 22% and services revenue climbing 16% to $31B; net income increased 19% to $29.6B, prompting a 4% dividend boost and a new $100B buyback program. Berkshire’s new CEO highlighted Apple as a key holding.
1. Strong Fiscal Q2 Performance
Apple reported fiscal Q2 revenue of $111.2 billion, a 17% year-over-year increase driven by a 22% surge in iPhone 17 sales and a 16% rise in services revenue to $31 billion, delivering net income of $29.6 billion, up 19%.
2. Dividend Increase and Share Buyback
The board approved a 4% increase in the quarterly dividend and launched a $100 billion stock buyback program, reflecting confidence in the company’s cash flow and commitment to return capital to shareholders.
3. Berkshire Meeting Reference
At Berkshire Hathaway’s annual meeting, CEO Greg Abel identified Apple as one of the conglomerate’s largest equity holdings, underscoring its strategic importance within Berkshire’s substantial portfolio.
