Mike Wuerthele
Following the publication of its second fiscal quarter of 2019 results, encompassing January through March, Apple provided additional detail surrounding the continuing situation in China, as well as more information about the Services business in an earnings conference call.
The numbers: Apple's revenue for the second quarter of the 2019 fiscal year hit $58 billion, down 5% from the year-ago quarter, but on the upper end of Apple's predicted guidance. The quarter saw next to no impact from release of products the week before Apple's "its show time" event, including a refresh of the AirPods, new iMac models, the new iPad Air, and iPad mini 5.
2019 Q2 Quarterly revenue and net profitParticipating in Thursday's call were Apple Chief Executive Tim Cook and Chief Financial Officer Luca Maestri.
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Christine McKee
Malcolm Owen
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Amber Neely
15 Comments
looks like the analysis missed it yet again the stock was down all day since they were expect bad results and not it up $11 in the after market.
love my dividend check from apple every quarter
and I do not think it will hit $1T market cap at $212, since they bought back more shares, it probably higher now.
$24 billion spent on share buyback. I've gotta believe that retired around 140 million shares.
iPad sales up big time. But how can that be when a) no mouse support b) no file system c) just a toy for media consumption. But I have yet to see an Android tablet on any of my recent airline flights. It’s ALL iPads, baby!
I’m sure we’ll be treated soon to alternate analyses from the resident Apple critics here. It will be interesting to see how they manage to spin this to a disappointing quarter and slap a negative narrative on it.