Apple has released its official Q3 2019 earnings results, announcing $53.8 billion of revenue and $10.04 billion profit during the third fiscal quarter of 2019.
In the same quarter a year ago, Apple announced revenue of $53.3 billion, with this year showing a small increase compared to this time last year. – “This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends,” said Tim Cook, Apple’s CEO.
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:
- $25.99 billion iPhone
- $11.46 billion: Services
- $5.82 billion: Mac
- $5.53 billion: Wearables, Home and Accessories
- $5.02 billion: iPad
CEO Tim Cook and CFO Luca Maestri will soon take part in a live Q&A with investors, a session which more often than not sees Apple offer tidbits and teasers for its plans for future hardware, software and services.