Still strong, "Apple" had revenue from iPhone of 5.133 billion dollars, up 2% in the second quarter.

Apple Inc. posted higher-than-expected profits and revenue in the second quarter of fiscal 2, boosted by strong sales of iPhone products.

Apple reported earnings per share for the second quarter of $2, beating Refinitiv analysts' estimates of $1.52 and revenue of $1.43 billion. That was above expectations of $9.484 billion.

Gross margin was 44.3%, above expectations of 44.1%, and services revenue was $8.76 billion. Above expectations of $8.43 billion

iPhone product revenue rose 2% to $5.133 billion. That was higher than analysts' expectations of $4.884 billion.

Mr. Tim Cook, Chief Executive Officer of Apple, revealed that Strong iPhone sales supported Apple's better-than-expected earnings and revenue in the second quarter as parts shortages and supply chain crises eased. This allows the company to produce iPhones in time to meet customer orders. After last year These problems forced the company to close some of its iPhone manufacturing plants.

However, Mac product revenue was $7.17 billion. This is less than the expected figure of $7.80 billion.

while iPad product revenue was $6.67 billion. This is lower than the expected figure of 6.69 billion dollars.

Apple has not released its fiscal 3 fourth-quarter forecast. The company has not disclosed its earnings forecast since 2566 due to uncertainties arising from the coronavirus pandemic. -2563