(Alliance News) - Apple on Thursday reported "strong" quarterly results driven by growth in Services and despite flat iPhone sales and a weak showing in China.

In the three months to March 31, the financial second quarter, the Cupertino, California-based technology company said net income rose 4.8% to USD24.78 billion from USD23.64 billion a year prior.

Earnings per diluted share was USD1.65 compared to USD1.53 in the second quarter of 2024.

Second quarter sales rose 5.1% to USD95.36 billion from USD90.75 billion, ahead of USD94.66 LSEG consensus.

"Today Apple is reporting strong quarterly results, including double-digit growth in Services," said Tim Cook, Apple's chief executive.

Sales of the iPhone edged higher to USD46.84 billion from USD45.96 billion, while Services sales rose to USD26.65 billion from USD23.87 billion. Mac sales rose to USD7.95 billion from USD7.45 billion, iPad sales to USD6.40 billion from USD5.56 billion, but Wearables sales fell to USD7.52 billion from USD7.91 billion.

By geography, Americas sales rose to USD40.13 billion from USD37.27 billion, but China sales eased to USD16.00 billion from USD16.37 billion.

Shares in Apple fell 2.6% in after-hours trading in New York. They had earlier closed up 0.4% at USD213.32.

Apple declared a cash dividend of USD0.26 per share, an increase of 4%.

By Jeremy Cutler, Alliance News reporter

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