Apple reports Q2 2019 revenue of $58 billion

Apple on Tuesday disclosed its [fiscal] Q2 2019 net income report, offering a expression at its performance over the by three months. During the quarter, the society says it raked inward $58 billion. That’s a pilus over the $57.5 billion Wall Street analysts expected, in addition to virtually 5% less than the $61.1 billion it reported inward Q2 concluding year.

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

“Our March quarter results demonstrate the continued line of our installed base of operations of over 1.4 billion active devices, every bit nosotros gear upwardly an all-time tape for Services, in addition to the rigid momentum of our Wearables, Home in addition to Accessories category, which gear upwardly a novel March quarter record,” said Tim Cook, Apple’s CEO. “We delivered our strongest iPad increase inward half-dozen years, in addition to nosotros are every bit excited every bit always virtually our pipeline of innovative hardware, software in addition to services. We’re looking forwards to sharing to a greater extent than alongside developers in addition to customers at Apple’s 30th annual Worldwide Developers Conference inward June.”

“We generated operating cash menstruation of $11.2 billion inward the March quarter in addition to continued to brand meaning investments inward all areas of our business,” said Luca Maestri, Apple’s CFO. “We likewise returned over $27 billion to shareholders through percentage repurchases in addition to dividends. Given our confidence inward Apple’s futurity in addition to the value nosotros run across inward our stock, our Board has authorized an additional $75 billion for percentage repurchases. We are likewise raising our quarterly dividend for the 7th fourth dimension inward less than vii years.”

As y'all may recall, Apple announced belatedly concluding twelvemonth that it volition no longer live on reporting iPhone, iPad in addition to Mac unit of measurement sales numbers. But they create offering upwardly some stats worth noting:

• Quarterly net income per diluted percentage of $2.46
• International sales accounted for 61% of the quarter’s revenue
• Services revenue compass all-time high of $11.5 billion

And the society provided the next guidance for its financial Q3 2019:

• revenue betwixt $52.5 billion in addition to $54.5 billion
• gross margin betwixt 37% in addition to 38%
• operating expenses betwixt $8.7 billion in addition to $8.8 billion
• other income/expense of $250 million
• tax charge per unit of measurement of roughly 16.5%

At the fourth dimension of publishing, Apple’s stock was upwardly only over 5% inward after-hours trading. The company’s conference telephone band should live on starting shortly, in addition to thus brand certain y'all banking concern jibe dorsum for to a greater extent than numbers in addition to tidbits from the quarter.

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