Apple had a strong fiscal second quarter, exceeding analysts’ expectations by reporting revenue of $94.8 billion, up from the expected $92.9 billion. While their net income of $24.16 billion was slightly lower than last year, their services segment (which includes Apple TV+, Apple Music, and Apple Arcade) achieved a new record, generating $20.9 billion in revenue.
Despite the challenging macroeconomic environment, Tim Cook, Apple’s CEO, expressed his satisfaction with the company’s performance. He highlighted their commitment to long-term investments and values, such as progress towards building carbon-neutral products and supply chains by 2030.
In addition to this positive news, Apple also increased its dividend and announced a $90 billion share repurchase plan. Overall, the tech giant seems to be thriving and continues to set impressive records.