Apple Inc. on Thursday announced financial results for its fiscal 2025 second quarter ended March 29, reporting a net income of $24.78 billion, as an 8% increase compared to the same quarter last year.
The company posted quarterly revenue of $95.4 billion, up 5% year-over-year, while diluted earnings per share rose to $1.65 from $1.52 in the prior year quarter.
“We’re pleased to report record March quarter revenue and earnings per share, driven by strong customer demand for our iPhone, growth in Services, and notable performance from iPad,” said Tim Cook, Apple’s CEO.
iPad revenue grew by 15% year-over-year, representing one of the strongest quarterly gains for the product line in recent years. The growth was attributed to continued momentum in the education sector and among professional users.
Apple also reported operating cash flow of $24 billion and returned nearly $27 billion to shareholders through dividends and share repurchases.
The Board of Directors authorized an additional $100 billion in share buybacks and approved a 4% increase in the company’s quarterly dividend, raising it to $0.26 per share.
“Our financial performance reflects the strength of our underlying business and our continued ability to deliver long-term value to shareholders,” said Luca Maestri, Apple’s CFO.
The results come amid ongoing global economic uncertainty and geopolitical tensions. Nonetheless, Apple remains confident in its long-term outlook, supported by continued investments in innovation and the expansion of its services ecosystem.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
