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Home / Mac / Apple Q3 2019 Results – $ 53.8 Billion Revenue – MacStories

Apple Q3 2019 Results – $ 53.8 Billion Revenue – MacStories



Apple has just released its financial results for Q3 2019. The company had sales of $ 53.8 billion. Apple CEO Tim Cook said:

"This was our biggest June quarter ever – driven by record revenue from services of all time, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends," said Tim Cook, Apple's CEO. "These results are promising across all of our geographical segments, and we are sure of what is ahead. The balance of calendar 2019 will be an exciting period, with major launches on all our platforms, new services and several new products."

Estimates and Expectations for Q3 2019 and Year-Ago Quarter (Q3 2018)

Apple's Q3 2019 sales guidance fell between $ 52.5 billion and $ 54.5 billion, with a gross margin estimated to be between 37% and 38%. [19659005] During today's revenue interview, Yahoo Finance said that analysts, who did not expect extraordinary financial results from Apple, would be focused on News + and other services generated revenue,

But according to Bloomberg's MODL consensus, iPhone sales are expected to to fall 10.3% in the third quarter, pushed lower by the ongoing US-China trade war.

However, the same consensus also points to an increase in sales of iPads, Macs, wearables such as AirPods and Apple Watch, and services up 14.4%. Don't forget, Apple recently updated the iPad and Mac lineups and released a new version of the seemingly ubiquitous AirPods.

In the prior year (Q3 2018), Apple earned $ 53.3 billion in revenue. During the quarter, Apple sold 41.3 million iPhones, 11.6 million iPads and 3.7 million Macintosh computers. However, as announced in Apple's Q4 2018 earnings calls, the company no longer reports device sales for any of its products.

Graphic Visualization

Below we have compiled a graphical visualization of Apple's financial results Q3 2019. [19659011] Apple Q3 2019 on Twitter


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