Apple earnings tidbits: record $11.5B in services revenue, 390 million total paid subscriptions, and more
Following the liberate of its [fiscal] Q2 2019 financial results, Apple’s CEO Tim Cook as well as CFO Luca Maestri hopped on a conference telephone telephone to verbalise nigh the company’s performance over the by iii months. As usual, we’ve rounded upward to a greater extent than or less of the to a greater extent than interesting points from the telephone telephone below.
- Services revenue reached all fourth dimension high of $11.5 billion
- Wearables, abode as well as accessories category sets Q2 tape alongside $5.1 billion inwards revenue – at 1 time the size of a Fortune 200 business.
- Wearables growth was nigh 50% YoY
- 390 1 thou m paid subscriptions across Apple services, xxx 1 thou m growth over terminal quarter
- Active installed base of operations of Macs at 1 time at all-time high
- Strongest iPad growth inwards half dozen years – revenue grew inwards all v of Apple’s geographic segments
- Apple ended Q2 alongside $225B inwards cash as well as marketable securities, $113B inwards internet cash
- Apple has announced an additional $75B for part repurchasing
- YoY revenue inwards Greater mainland People's Republic of China improved relative to Dec quarter thank you lot to cost reductions for pop products as well as novel trade-in initiatives
- Tim Cook on recent Qualcomm settlement: “we experience adept nigh the resolution. We’re happy to position the litigation behind us […] we’re real happy to bring a multiyear provide understanding as well as straight license understanding alongside Qualcomm.”
In later hours trading, shares of Apple were upward to a greater extent than or less $10.23, or only over 5%. If you’d similar to brain to a replay of the earnings call, you lot tin detect it here for a express time.
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