Apple published its fiscal Q2 earnings on Tuesday, reporting a relatively mixed set of results that beat market estimates on earnings amid growth in services revenues, although revenues fell short of expectations due to lackluster iPhone shipments. Below we provide some of the key takeaways from Apple’s earnings release. iPhone ASPs improved by about 2% year-over-year to about $655, driven by strong demand for iPhone 7 Plus models. Apple Watch and AirPodsApple’s Other Products division – which includes Apple Watch, iPod and accessories – saw revenues rise by about 31% year-over-year to $2.87 billion. Apple indicated that sales of the Apple Watch nearly doubled year-over-year, driven by the new Series 2 version and the price cut on the earlier version of the device.

Source: Forbes May 03, 2017 12:22 UTC