Apple releases Q2 2019 earnings, announcing revenue of $58 billion
Apple has officially released its earnings results for the second quarter of its 2019 fiscal year, announcing revenue of $58 billion and $11.56 billion in profit.
The results show Apple is down 5% year-on-year from the $61.1 billion revenue reported in the same quarter in 2018, though Tim Cook reports that iPad has seen its strongest growth in six years, and that the company has set an all-time record for its Services category.
Apple no longer reports individual iPhone, iPad, and Mac unit sales, a move introduced as of Q1 2019 amid decreasing unit sales, but increasing average selling prices (ASPs), though the company does release revenue breakdown by product category:
- $31.05 billion iPhone
- $11.45 billion: Services
- $5.51 billion: Mac
- $5.13 billion: Wearables, Home and Accessories
- $4.87 billion: iPad
CEO Tim Cook and CFO Luca Maestri will soon begin a question and answer session with investors, a live session which usually reveals facts from inside Apple alongside giving us all a small glimpse into what the company has planned for the upcoming year.