Apple Reports Strong iPhone Sales and Services Growth in Fiscal Second Quarter
Apple (AAPL) reported a strong fiscal second quarter with iPhone revenue surging 22% year-over-year to $57 billion, driven by record upgrades. The company's services segment also grew 16% to $31 billion, while overall product sales rose 17% to $80.2 billion. Despite a slight decline in product gross margin, the services segment's margin increased, contributing to a higher-than-expected overall gross margin of 49.3%.
Tickers: $AAPL
Topics: Apple Earnings report iPhone sales Revenue growth Services segment