Apple Posts Record $97.3 Billion Revenue for March Quarter
Apple reports a new March quarter record with $97.3 billion in revenue, driven by all-time highs in Services, iPhone, and Mac categories. The tech giant also authorizes a $90 billion share repurchase program and increases its quarterly dividend.
Apple announces a new March quarter revenue record of $97.3 billion, representing a 9 percent increase year over year. The company highlights that this financial milestone stems from its relentless focus on innovation and strong customer response to its newest products.
The tech giant achieves an all-time revenue record for its Services division, alongside March quarter revenue records for the iPhone, Mac, and Wearables, Home and Accessories categories. This continued customer demand pushes Apple's installed base of active devices to an all-time high.
Apple's board of directors declares a 5 percent increase to its cash dividend, bringing it to $0.23 per share, and authorizes an additional $90 billion for its share repurchase program. These shareholder returns are supported by the quarter's strong operating performance, which generates over $28 billion in operating cash flow.