Apple Fiscal Q2 2018: The Best Second Quarter Ever For Revenue But iPhone Sales

Must Read

The Hacking Of Jeff Bezos’ Phone: Facebook Blames Apple!

Hacking someone's phone through some malicious app or by injecting some code is nothing new. But when...

Amazon India Food Delivery Business: An Emerging Threat for Swiggy and Zomato?

After establishing its prowess in one-day delivery and two-hour delivery, Amazon India is looking to expand into...

Google Drones Will Make Delivery Industry Undergo A Radical Shift from 2017

Google is set to bring another disruptive change to the way people receive products these days. According to Reuters...
Neeraj Mhttp://dazeinfo.com
I am a full-time Industry Analyst, covering mobile industry, writing about the giants and their growth performances, chasing the statistics like my dreams, and digging deep into the industry till I get a gold mine. 'Earned' my Masters in BioTech quite recently and giving wings to my thoughts without drinking RedBull.

Apple Inc. (NASDAQ:AAPL) has proved once again that smartphone business is not just about volume sales, it’s about quality and brand value that could keep a company mint billions. By reporting strong quarterly earnings and revenue in fiscal Q2 2018 results, Tim Cook has not only proved critics wrong but also boosted the confidence of investors and shareholders.

Apple posted a record revenue of $61.1 billion in fiscal Q2 2018. This is the best fiscal second quarter in terms of revenue and profit in the history of Apple. Here are the main highlights of Apple’s fiscal Q2 2018 earning calls:

  • Apple’s posted revenue of $61.1 billion in fiscal Q2 2018, up 16% compared to the year-ago quarter.
  • It was the sixth consecutive quarter for Apple to record growth in revenue.
  • Apple’s profit in fiscal Q2 2018 grew 25% YoY to $13.8 billion.
  • iPhone sales in fiscal Q2 2018 reached 52.2 million units, a marginal increased from 50.8 million units sold in fiscal Q2 2017. However, the sales of iPhone failed to meet the Wall Street expectations.

 

  • iPad sales in fiscal Q2 2018 were also up slightly to 9.1 million units from 8.9 million in the year-ago quarter.
  • Mac sales in fiscal Q2 2018 slipped to 4.1 million.
  • Apple’s revenue from Mac in fiscal Q2 2018 remained flat at $5.8 billion.
  • iPhone accounted for 62% of Apple’s overall revenue in fiscal Q2 2018, followed by Services.
  • $37.9 billion Apple’s revenue came from iPhone sales in fiscal Q2 2018.
  • The average selling price of iPhone in fiscal Q2 2018 also increased to $728 from $655 in fiscal Q2 2017, but declined from $796 in the previous quarter.
  • iPhone X was the most selling iPhone model in fiscal Q2 2018.
  • Apple’s revenue from services increased all-time high to $9.19 billion, an impressive growth of 31% from $7.04 billion in the year-ago quarter.
  • Apple’s ‘Other Products’ category contributed $3.95 billion in Apple’s fiscal Q2 2018 revenue. It was also an impressive increase of 38% from $2.87 billion in fiscal Q2 2017.
  • Apple recorded the highest revenue growth in Japan region (22%), followed by China (21%) and America (17%) and Europe (9%).
  • Apple recorded the least revenue growth in fiscal Q2 2018 in Asia-Pacific region (4%), once again.
  • The number of Paid subscriptions to Apple’s services surpassed 270 million in fiscal Q2 2018, a massive increased of 1.7X from just 100 million in fiscal Q2 2017.
  • Apple’s Music subscription crossed 40 million in fiscal Q2 2018.
  • Apple’s revenue from wearables increased almost 50% in fiscal Q2 2018.
  • The number of Apple Stores worldwide has reached 502 as the company opened its first Apple Store in Australia and South Korea.
  • iPhone X was the top-selling iPhone in China in fiscal Q2 2018.
  • 2 million app developers in China writing apps for iOS and App Store.

All the above figures portray many interesting scenarios that require in-depth and thought-provoking analysis. We are taking a deep dive into these numbers and soon get back with few interesting pieces loaded with actionable insights.

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Which Countries Have the Biggest Share in the Global Gaming Market?

The global gaming market is expected to rise from $152 billion in 2019 to $196 billion by...

The Hacking Of Jeff Bezos’ Phone: Facebook Blames Apple!

Hacking someone's phone through some malicious app or by injecting some code is nothing new. But when the matter belongs to one...

Amazon India Food Delivery Business: An Emerging Threat for Swiggy and Zomato?

After establishing its prowess in one-day delivery and two-hour delivery, Amazon India is looking to expand into the domains of food delivery....

India the 3rd Worst Economically Affected Nation by Internet Shutdowns in 2019: Report

2019 saw an increasing awareness about internet shutdowns in the Indian population due to unprecedented first-hand experience with the phenomenon, especially in...

Amazon and Flipkart Under The Lens Of Indian Authorities For Competition Squashing Activities!

The ongoing tug of war between Offline and Online retailers in India seems to be far from over. On Monday, the Competition...

Constant Internet Suspensions In India Affecting Online Transactions and Economy Adversely

In the wake of the highly controversial and prejudiced Citizenship Amendment Act and other related legal developments such as the NRC, IT...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This