Apple Reports Record $111.2B Quarter, 17% Revenue Growth, $100B Buyback
AAPL•Apple posted its best March quarter with revenue of $111.2 billion, up 17%, and diluted EPS of $2.01, up 22%, driven by a 22% jump in iPhone revenue to $57 billion and record $31 billion in Services. Greater China revenue surged 28%, while Apple authorized a $100 billion buyback and raised its dividend 4%.
1. Record March Quarter Results
Apple delivered its strongest March quarter ever with revenue of $111.2 billion, marking a 17% year-over-year increase, and diluted EPS of $2.01, up 22%. This performance was led by standout iPhone sales of $57 billion, a 22% gain, and a Services segment record of $31 billion.
2. Segment Performance Breakdown
The company’s product mix showed iPhone sales accounted for 51% of total revenue, Services for 28%, Mac 8%, Wearables, Home & Accessories 7%, and iPad 6%. Services growth of 16% was fueled by App Store, advertising and cloud offerings, while Wearables and Mac also delivered positive contributions.
3. Capital Return and Dividend Increase
The Board approved a $100 billion share buyback authorization and boosted the quarterly dividend by 4%, signaling confidence in cash flow generation. These actions aim to enhance shareholder returns and reflect strong free cash flow in the quarter.
4. Strategic Investments and Risk Factors
R&D spending rose 34% to $11.4 billion as Apple expands its AI infrastructure, highlighting a shift toward high-cost innovation. The company noted manageable tariff exposure after a Supreme Court ruling and warned that semiconductor and memory supply constraints could pressure costs next quarter.
