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Apple wearables category sets quarterly record following ‘strong momentum’

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Apple has released its financial results for the second quarter ended March 30, returning a $58bn revenue.

Despite revenue being down like-for-like on the same quarter last year, its wearables, home and accessories category showed ‘strong momentum’ and set a new March quarter record.

Quarterly earnings per diluted share of $2.46 was down 10 percent while International sales accounted for 61 percent of the quarter’s revenue.

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Commenting on the results, Tim Cook, CEO said: “Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record.”

He added: “We delivered our strongest iPad growth in six years, and we are as excited as ever about our pipeline of innovative hardware, software and services. We’re looking forward to sharing more with developers and customers at Apple’s 30th annual Worldwide Developers Conference in June.”

Following a review of the results, Apple’s board of directors declared a cash dividend of $0.77 per share of the Company’s common stock, an increase of 5 percent.

The positivity surrounding Wearables from Apple is a continuation of their success in the last quarter.

Read WatchPro’s report on the previous financial report, here:

Apple wearables revenue hits all-time quarterly high despite first profit fall in a decade

Tags : applebusinessfinancial
Alex Douglas

The author Alex Douglas

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