Categories AlphaGraphs, Earnings, Technology

Apple tops Q2 estimates despite weak product sales

Apple (NASDAQ: AAPL) reported yet another quarter of disappointing product sales as it announced second-quarter earnings results on Tuesday, primarily hurt by weakness in China. Revenue from Apple products fell 9% year-over-year to $46.6 billion.

iPhone sales fell 17% during the quarter to $31.05 billion.

iPhone maker Apple tops Q2 estimates despite weak product sales

 

The weakness in its flagship product pulled the overall revenues down 5% to $58 billion. However, this still came in above the street consensus of 57.6 billion. International sales accounted for 61% of the quarter’s revenue.

Earnings fell 10% to $2.46 per share, while analysts had projected it at $2.37 per share. The better-than-expected earnings sent AAPL shares up 4.2% during after-market trading on Tuesday.

Lucrative services

Meanwhile, Apple’s services segment slightly offset the weakness in the products side with a 16% year-over-year growth to $11.45 billion, an all-time high.

Apple has been witnessing tremendous success with its services segment, where revenue growth has exceeded that of products in five out of the past six quarters.

READ: MOMO SHARES CRASH AFTER ITS TINDER-LIKE APP GETS REMOVED FROM APP STORES

Apple CEO Tim Cook said, “Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record.”

Apple Products vs. Services Performance - 2Q19

At a March 25 Apple event, the tech giant had released updates to some of its services, besides teasing its much-touted streaming service Apple TV+. The iPhone maker has hired an enviable panel of film personalities including Steven Spielberg to create content for its streaming service, in a bid to take on Netflix, Amazon Prime Video, Hulu and Disney+.

READ: THE QUESTION EVERY POT INVESTOR ASKS HIMSELF – AURORA CANNABIS OR HEXO?

Outlook

For the third quarter of 2019, the iPhone maker expects revenue between $52.5 billion and $54.5 billion. Gross margin is projected to be in the range of 37-38%.

Dividend

Apple board has declared a cash dividend of $0.77 per share, an increase of 5%. The dividend is payable on May 16, 2019, to shareholders as on May 13, 2019.

AAPL shares have gained 27% in the year year-to-date period and 22% in the trailing 52 weeks.

 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

TGT Earnings: Key quarterly highlights from Target’s Q1 2024 financial results

Target Corporation (NYSE: TGT) reported its first quarter 2024 earnings results today. Total revenue decreased 3.1% year-over-year to $24.5 billion. Comparable sales declined 3.7%. Net earnings dipped 1% to $942

Important takeaways from AutoZone’s (AZO) Q3 2024 report

Automotive parts retailer AutoZone, Inc. (NYSE: AZO) reported mixed results for the third quarter of 2024, with earnings exceeding the market’s forecast and sales missing. The management is optimistic about

What to look for when Dollar General (DG) reports Q1 2024 earnings results

Shares of Dollar General Corporation (NYSE: DG) rose over 3% on Tuesday. The stock has dropped 31% over the past 12 months. The discount retailer is scheduled to report its first

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: Chirurgie Tunisie
  3. Pingback: fue location
  4. Pingback: fue
  5. Pingback: Rota evaporators
  6. Pingback: Sedation dentistry
  7. Pingback: Credit Hour System
  8. Pingback: Machine Learning
  9. Pingback: fue
  10. Pingback: MBA tuition fees
  11. Pingback: fue
  12. Pingback: fue contact
  13. Pingback: Future University
  14. Pingback: Teeth Whitening
  15. Pingback: Fiverr Earn
  16. Pingback: Fiverr Earn
  17. Pingback: Fiverr Earn
  18. Pingback: Fiverr Earn
  19. Pingback: Fiverr Earn
  20. Pingback: fiverrearn.com
  21. Pingback: fiverrearn.com
  22. Pingback: shipping broker
  23. Pingback: ikaria juice buy
  24. Pingback: fiverrearn.com
  25. Pingback: french bulldog
  26. Pingback: fiverrearn.com
  27. Pingback: fiverrearn.com
  28. Pingback: fiverrearn.com
  29. Pingback: morkie
  30. Pingback: jute rugs
  31. Pingback: bitcoin
  32. Pingback: sorority necklaces
  33. Pingback: teacup frenchie
  34. Pingback: clima fresno ca
  35. Pingback: phone repair
  36. Pingback: best mobile phone
  37. Pingback: future university
  38. Pingback: frenchie puppies
  39. Pingback: grey frenchie
  40. Pingback: fue
  41. Pingback: Warranty
  42. Pingback: Piano trading
  43. Pingback: FUE
  44. Pingback: FUE
  45. Pingback: Reliable movers
  46. Pingback: Packing expertise
  47. Pingback: Classic Books 500
  48. Pingback: FiverrEarn
  49. Pingback: Speaker
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: partners
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: live sex cams
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: Fresh
  61. Pingback: diamond
  62. Pingback: education
  63. Pingback: Kuliah Termurah
  64. Pingback: FiverrEarn
  65. Pingback: FiverrEarn
  66. Pingback: cheap sex cams
  67. Pingback: fullersears.com
  68. Pingback: fullersears.com
  69. Pingback: live sex cams
  70. Pingback: live sex cams
  71. Pingback: frt trigger
  72. Pingback: 늑대닷컴
  73. Pingback: Situs slot online
  74. Pingback: nangs sydney
  75. Pingback: allgame
  76. Pingback: 918kiss
  77. Pingback: หวย24
  78. Pingback: Korean makeup
  79. Pingback: pg slot
  80. Pingback: aplikasi game slot
  81. Pingback: 3 408 cheytac
  82. Pingback: itsMasum.Com
  83. Pingback: itsMasum.Com
  84. Pingback: itsMasum.Com
  85. Pingback: itsMasum.Com
  86. Pingback: nang tanks
  87. Pingback: itsmasum.com
  88. Pingback: talkwithastranger
  89. Pingback: chat avenue
  90. Pingback: itsmasum.com
  91. Pingback: itsmasum.com
  92. Pingback: joker gaming
  93. Pingback: best job site
  94. Pingback: itsmasum.com
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top