Apple reported, on 2nd May 2017, its results related to company’s finance for its second quarter fiscal year, which ended on 31st March 2017. According to the results, Mac sales were increased, but unfortunately, this year seems to be unlucky for iPhone sales.
In the quarter of 2016, the total revenue of Apple Inc. was $50.6 billion as compared to the latest fiscal year report Apple has increased its revenue to $52.9 billion, but analysts were expecting a bit more from the company.
Analysts estimated $53.079 billion Apple’s revenue, but the results were below the expectations. The company itself predicted revenue, which was between $51.5 billion and $53.5 billion, but the actual result went in another direction.
Gross margin in 2016’s quarter was 39.4%, but in the second quarter, the gross margin is found to be decreased by 0.5% which is now 38.9%. Analysts estimated the gross margin to be 38.71%, whereas, the company estimated its gross margin somewhere in between 38% to 39%. The predictions by Apple and analysts were near the actual percentage.
Apple has also announced to increase the dividend payments by $0.63 on each share, which was $0.57 previously and the next due date for dividends is 18th May 2017. This has made Apple’s shareholders to receive biggest dividends in the entire world.
As compared to the previous financial quarter year, the second quarter is observed to be slow in generating revenue for Apple. One of the main reasons for this is the decreased sale of Mac in the second quarter, but luckily, iPad and iPhone are found to be in demand and these products have generated revenues. However, iPhone sale in 2016 and in the first quarter was not in favor of the company.