NEWS

Apple Q2 2019 results: iPhone sales fell, but just about everything else is thriving

Apple Q2 2019 results: iPhone sales fell, but just about everything else is thriving

05 01, 2019
Apple Q2 2019 results: iPhone sales fell, but just about everything else is thriving

iPhone sales might be leveling off, but Apple is doing just fine. Apple on Tuesday announced its second quarter results for 2019, and it’s clear that the shift in it business model is in full swing. While Apple still posted revenue of $58 billion, iPhone sales were relatively flat, posting just $31 billion compared to $37.5 billion in the same 2018 quarter. Apple stopped breaking out unit sales last quarter, but it sold 52 million units in the year-ago quarter.
 
Elsewhere, Apple is looking stronger than ever, particularly when it comes to Services. Apple reported a record $11.5 billion tally for the category (which includes Apple Music, digital sales, and Apple Pay) versus $9.2 billion last year. It was the first time Services broke the $11 billion mark. Paid subscriptions were a major part of that, nearly topping 400 million for an increase of 30 million over last quarter.
 
iPad sales were also up, no doubt buoyed by the release of the fifth-gen iPad mini and the new iPad Air. The iPad posted $4.9 billion in sales versus $4.1 billion in 2018’s second quarter. Tim Cook noted that the "blockbuster" quarter represented Apple’s “strongest iPad growth in six years, and we are as excited as ever about our pipeline of innovative hardware, software and services.” Mac sales were relatively flat at $5.5 billion as compared to $5.8 billion last year.
 
 
Wearables were another bright spot. Apple sold $5.1 billion worth of Apple Watches, AirPods, and other accessories in the quarter, a 30 percent increase over the year-ago quarter. Tim Cook said Apple's Wearables division is now about the size of a Fortune 200 company. Additionally, he noted that Apple's installed base set a new record.
 
For the third quarter, Apple expects to post revenue between $52.5 billion and $54.5 billion, which could represent a return to growth. In the third quarter of 2018, Apple posted quarterly revenue of $53.3 billion. In after-hours trading, Apple’s stock spiked more than $10 on the news.
 
                                                                                                                   By Michael Simon

Share

Older articles

Amazon is selling the 2018 13-inch MacBook Pro for the lowest price we've ever seen

If you want a new 13-inch MacBook Pro with Touch Bar, you need to head over to Amazon and get the discounted 512GB model while supplies are still in stock. Right now it’s selling for $1,499.99, down $300 from the normal retail price of $1,799.99. That’s the best price we’ve seen on Amazon for this model by $200.

05 01, 2019

Report: macOS 10.15 could allow Mac users to use iPads as an external display

Chances are, if you own a Mac, you probably own an iPad. Wouldn’t it be cool to be able to use that iPad as a Mac display? You can with a third-party solution called Luna Display, but 9to5Mac reports that Apple is developing the feature for macOS 10.15, the next version of the Mac operating system.

05 01, 2019

Report: Apple to combine Find My Friends and Find My iPhone apps, develop Tile-like like tracker

Where other tech companies seem hell-bent on secretly tracking you and everything you do, Apple may be set to flip the script and give you the ability to track all your stuff. At least, that seems to be the case if a new report from 9to5Mac is true. Citing “people familiar with its development,” the report claims that Apple is working on a project code-named “GreenTorch” that will combine Find My Friends and Find My iPhone apps. Engineers at Apple are apparently already testing the new app.

05 01, 2019

Apple releases iOS 12.3 beta 3 to developers

Apple’s “It’s show time” event on March 25 revealed a number of new services, most of which aren’t available yet. One of them, Apple News+, released immediately along with the update to iOS 12.2.

05 01, 2019

Apple Confirms Mojave is the Last macOS Release to Support 32-Bit Apps

As expected, Apple confirmed yesterday during its WWDC keynote that macOS 10.14 Mojave will be the last version of macOS to support legacy 32-bit apps.

05 01, 2019