Apple's Second Fiscal Quarter Revenue Reaches $111.18 Billion, Up 17% Year-over-Year

Apple's second fiscal quarter (ended March 28) revenue was 111.18 billion, up 17% year-over-year; Net income was 29.58 billion,up 19% year-over-year. iPhone revenue for the quarter was 56.99 billion, up 22% year-over-year, below market estimates of $57.21 billion. Apple's sales performance was weaker in the Americas (up 12% year-over-year) and Europe (up 14.7% year-over-year), but strong in Greater China (up 28% year-over-year) and Other Asia-Pacific regions (up 25% year-over-year).