Apple reported record Services revenue of $30.98 billion in its fiscal second quarter, marking its eighth consecutive earnings beat. The company posted overall revenue of $111.18 billion, up 16.6% year-over-year, with earnings per share of $2.01 versus a $1.94 estimate. Apple also authorized a new $100 billion share buyback and raised its quarterly dividend by 4% to $0.27 per share. The stock has returned 1,249% over the past decade, and incoming CEO John Ternus called this the most exciting time in his 25-year career at the company.
Apple Inc.Apple reported record Services revenue, beat earnings estimates, and authorized a $100B buyback and dividend increase.
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