Apple reports Q1 2019 revenue of $84.3B

Apple on Tuesday disclosed its [fiscal] Q1 2019 earnings report, offering a human face at its performance over the by iii months. During the vacation period, the companionship says it pulled inward $84.3B inward revenue, a turn down of 5% from the year-ago quarter.

Earlier this month, Apple announced that it was forced to cut down its forecast of $89B-$93B downwards to $84 billion due to fewer-than-expected iPhone sales. The company’s stock took a massive hit, exactly it has since recouped nearly of its losses.

Here are some comments from Tim Cook in addition to CFO Luca Maestri:

“While it was disappointing to lady friend our revenue guidance, nosotros manage Apple for the long term, in addition to this quarter’s results demonstrate that the underlying strength of our describe of piece of job concern runs deep in addition to wide,” said Tim Cook, Apple’s CEO. “Our active installed base of operations of devices reached an all-time high of 1.4 billion inward the get-go quarter, growing inward each of our geographic segments. That’s a nifty will to the satisfaction in addition to loyalty of our customers, in addition to it’s driving our Services describe of piece of job concern to novel records thank yous to our large in addition to fast-growing ecosystem.”

“We generated really potent operating cash stream of $26.7 billion during the Dec quarter in addition to gear upwards an all-time EPS tape of $4.18,” said Luca Maestri, Apple’s CFO. “We returned over $13 billion to our investors during the quarter through dividends in addition to portion repurchases. Our internet cash relaxation was $130 billion at the terminate of the quarter, in addition to nosotros proceed to target a internet cash neutral seat over time.”

Apple has of class said that it volition no longer live on reporting iPhone sales numbers, exactly they produce render some stats worth noting:

• Quarterly earnings per diluted portion of $4.18, upwards 7.5% YoY
• International sales accounted for 62% of the quarter’s revenue
• Revenue from iPhone declined 15% YoY
• Total revenue from other products in addition to services grew 19% YoY
• Services revenue reached all-time high of $10.9B

And the companionship is providing the next guidance for its financial Q2 2019:

• revenue betwixt $55 billion in addition to $59 billion
• gross margin betwixt 37 percentage in addition to 38 percent
• operating expenses betwixt $8.5 billion in addition to $8.6 billion
• other income/expense of $300 million
• tax charge per unit of measurement of around 17%

At the fourth dimension of publishing, Apple’s stock was upwards nearly 4% inward after-hours trading. The company’s conference telephone band should live on starting shortly, in addition to thus brand certain yous banking corporation tally dorsum for to a greater extent than numbers in addition to tidbits from the vacation quarter.

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