iPhone holds steady while Macs and services keep Apple growing in Q2 2017Enlarge (credit: Andrew Cunningham)
Apple has just released its earnings report for the second quarter of fiscal 2017, which runs from the beginning of January to the end of March.
So far, Apple is back to modest growth in 2017: iPhone unit sales are down just a little, and iPad sales continue their precipitous slide.

But iPhone revenue is actually up, and the Mac, the Services division, and the Other Products divisions all posted solid growth.
Apple made $11 billion in profit and $52.9 billion in revenue, compared to $10.5 billion in profit and $50.6 billion in revenue in Q2 of 2016. The company’s gross margin was 38.9 percent.

These results were toward the upper end of Apple’s guidance for the quarter, which predicted revenue between $51.5 billion and $53.5 billion and a profit margin between 38 and 39 percent.
The company predicts that it will make between $43.5 and $45.5 billion in the third quarter of fiscal 2017, with profit margins between 37.5 and 38.5 percent. These numbers compare favorably to the $42.4 billion the company made in Q3 of 2016, though they’re still well below the $49.6 billion that Apple made in Q3 of 2015.
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