Apple announced its Q3 2019 numbers today, citing $53.8 billion in revenue, its services division reaching a new high.
The revenues are up one percent year-on-year from the same quarter in 2018, which saw revenue of $53.3 billion.
“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 Apple CEO Tim Cook. “These results are promising across all our geographic segments, and we’re confident about what’s ahead. The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products.”
Apple’s revenue derived from iPhone sales for the quarter is $26 billion, down from $29.9 billion for the quarter last year, though due to Apple’s change in reporting to no longer report units shipped. It is unclear if it is from a change in shipment quantities or from an altered average selling price. The iPad earned $5 billion, up from $4.74 billion a year ago, while Mac revenue of $5.8 billion is up from $5.3 billion seen in quarter three 2018.
The company’s “Wearable, Home, and Accessories” category reported net sales of $5.2 billion, up from $3.7 billion for Q3 2018. Services grew to $11.5 billion in revenue, up from $9.6 billion one year ago.
Apple has forecast revenues between $61 billion and $64 billion, with a gross margin between 37.5 percent and 38.5 percent. Operating expenses for the period are anticipated to be between $8.7 billion and $8.8 billion.
Stay tuned for additional details as they become available.
Via AppleInsider and MacRumors