Apple has once again delivered on its promises and demonstrated a strong performance against its competitors with its second-quarter revenue report. The standout star of this quarter was undoubtedly Apple’s new flagship product, Vision Pro. The company achieved a revenue of $90.8 billion and announced earnings per share of $1.53 for the quarter. Here are the details of the latest revenue report:

Apple announces its second-quarter revenue report

Considering analysts’ expectations of $90.3 billion in revenue and earnings per share of $1.50, Apple has exceeded expectations. Although there was a slight decrease compared to the same period last year ($94.8 billion in revenue and $1.52 in earnings per share), Apple still maintains a solid performance.

The standout star of this quarter was undoubtedly Apple’s new flagship product, Vision Pro. Released in early February, this device is expected to sell 450,000 units by the end of the year, according to analysts. While this may seem like a relatively low number by Apple standards, considering the starting price of Vision Pro at $3,500, it will still make a significant contribution to Apple’s annual revenue.

In addition, Apple announced a massive $110 billion share buyback program to demonstrate its confidence in shareholders. Apple CFO Luca Maestri stated that high levels of customer satisfaction and loyalty enabled the active device base to set a new record in all products and geographic segments, resulting in a new EPS record for the March quarter.

Looking at product revenue, revenue from iPhone decreased from $51.3 billion in the same quarter last year to $45.9 billion this year. Much of this decline is attributed to lower-than-expected demand in China. On the other hand, revenue from services increased to $23.8 billion compared to the previous year, accounting for approximately 26% of Apple’s quarterly revenue.

Mac and iPad revenues were $7.4 billion and $5.5 billion, respectively. Revenue in the Wearables, Home, and Accessories category increased to $7.9 billion. Overall, Apple’s performance in this quarter, especially with its new products and strategic moves, continues to attract the attention of investors and technology enthusiasts.

Following this news, Apple shares rose by approximately 13 points in after-hours trading. So, once again, Apple has delivered as expected and even exceeded expectations. What are your thoughts on this topic? Feel free to share your opinions in the comments section below.