Analyst Commentary

Apple grows revenue in all segments in 2Q17, and 3Q17 guidance hints at the next-gen iPhone release



Apple (Nasdaq GS: AAPL) expanded its revenue to $45.4 billion in 2Q17, a 7.2% increase year-to-year. Unsurprisingly, the iPhone delivered the majority of revenue at $24.8 billion, a 3.3% year-to-year growth for the typically soft quarter. Apple noted that rumors swirling about the next iteration of the iPhone have slowed sales, but Apple posted growth in the segment regardless. TBR records the iPhone’s average selling price increasing 1.7% year-to-year to $606, which Apple CEO Tim Cook noted was due to consistent demand for higher-end iPhones. ...

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