Apple released its fiscal Q3 2019 earnings of $ 10 billion on $ 53.8 billion in revenue that was 1% higher than last year, the same period, the official press release announced yesterday. Although international sales earned 59% of quarterly revenue from the total, quarterly earnings per share diluted earnings per share of $ 2.18 were down 7%.
The star priorities of its range of products were services, wearables, iPad, iMac and with & # 39; significant improvements in iPhone trends. & # 39; Gross margin was $ 20.22 billion lower than last year's same fiscal quarter, while total operating expenses totaling $ 86.83 billion are also significantly higher in comparison.  Services supported by Wearables, iPad & Mac stole March as iPhones Add Revenue.
According to the press release:
Tim Cook, Apple's CEO said, “This was our largest June quarter ever ̵
Luca Maestri, Apple's Chief Financial Officer said, " Our year-over-year business performance improved compared to the March quarter, driving a strong operating cash flow of $ 11.6 billion. We returned over $ 21 billion to shareholders during the quarter, including $ 17 billion through buybacks of nearly 88 million Apple shares, and $ 3.6 billion in dividends and equivalents. "
Apple's App Store, AppleCare & Apple Pay May Still Cover Lost iPhone Tracks
Apple seems to be focusing on product segments other than iPhones, which have long been its & # 39; star artist. & # 39 ; The mirror of trade wars and disputes, not to do so, Apple's iPhones specifically, took a beating in global markets such as China and India. There, local competition affected sales significantly.
On H2 forecast, Apple Suppliers put 75 million iPhone Output for H2 2019 on stable demand. A number of new feature-rich iPhone 2019 models have been lined up for the traditional September launch from Cupertino headquarters. Add to this the new 16-inch Slim MacBook Pro that is expected by professionals and Apple fans.
But when you come back to the question is whether new customers will be ready to pay for the tags they have? Furthermore, several launches from Apple Services stalls like Apple's App Store, AppleCare, Apple Pay, which led to a 31% revenue jump to $ 9.2 billion in the three months ended March 31, are heavily burdened now, as before mentioned by Tim Cook.
Apple uploads Fiscal Q4 2019 Guidance.
The company has posted the following guidance for Fiscal 2019 fourth quarter:
- Revenues between $ 61 billion and $ 64 billion
- Gross margin between 37.5% and 38.5%
- Operating expenses between $ 8.7 billion and $ 8.8 billion
- Other revenues / (expenses) of $ 200 million
- Tax rate of about 16.5%
Apple offers live streaming of its financial results for Q3 2019 14:00 PDT July 30, 2019. This webcast will also be available for playback for about two weeks thereafter, the release informs.