Apple today posted its Q2 earnings report and delivered $90.8 billion in revenue while earnings checked in at $1.53 per share. Analysts, meanwhile, were anticipating revenue of $90.3 billion and EPS to fall in the range of $1.50 per share. And as a point of comparison, Apple during the year-ago quarter posted revenue of $94.8 billion and earnings of $1.52 per share.
“Thanks to very high levels of customer satisfaction and loyalty, our active installed base of devices has reached a new all-time high across all products and all geographic segments, and our business performance drove a new EPS record for the March quarter,' Apple CFO Luca Maestri said. “Given our confidence in Apple’s future and the value we see in our stock, our Board has authorized an additional $110 billion for share repurchases.