Apple reported fiscal Q2 revenue of $111.2 billion, up 17% year-over-year, net income of $29.6 billion and diluted EPS of $2.01, while product sales reached $80.2 billion and services revenue hit a record $31 billion. The company generated over $28 billion in operating cash flow, held $45.6 billion in cash and equivalents and produced $78.3 billion free cash flow year-to-date, as investors focus on WWDC for updates on Apple Intelligence AI features after resolving Siri litigation delays.
Apple reported fiscal Q2 revenue of $111.2 billion, a 17% year-over-year increase, driven by $80.2 billion in product sales and a record $31 billion in services revenue. Net income rose to $29.6 billion from $24.8 billion, with diluted earnings per share climbing 22% to $2.01.
The company generated over $28 billion in operating cash flow and held $45.6 billion in cash and equivalents at quarter-end, producing $78.3 billion in free cash flow year-to-date. Investors are focusing on WWDC, where Apple Intelligence AI features are expected to debut after resolving earlier litigation delays related to Siri enhancements.
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