Usually, the three months ending in June are Apple's slow in terms of iPhone sales and revenue. This year, however, Apple wrote the strongest third quarter in the company's history, and hit the analyst's expectations of earnings per share and revenue.
The stock drove shares over 3% in expanded trading.
However, there were some signs of slowing down the growth of their key equipment businesses. iPhone and iPad sales were largely unchanged from the same period last year. Mac sales were down 13%.
Apple also said that expected revenue in the next quarter was between $ 60 billion and $ 62 billion before Wall Street expectations, which at the midpoint would be a 1
Apple's "services" business, which includes iCloud, Apple Music and App Store, increased 31% year to $ 9.54 billion.
Apple also declared a dividend of $ 0.73 per share. Apple CFO Luca Maestri said at a conference call that the company "returned nearly $ 25 billion to investors through our capital return program in the quarter, including $ 20 billion in buybacks of shares."
Notes from the conversation:
6:00: We are done here. Thank you for voting!
5:57: "We have never done an internal analysis of how many have a lower price battery" instead of new phone, "said Apple.
5:49: Revenue on Apple Music grew over 50% in the quarter, as Apple calls strong results.
5:46: "Cord cutting will only accelerate and accelerate faster than people thought," Cook said.
5:45: Apple Music Question. "We are very excited to work with Oprah."
5:44: "We hope that the quiet heads rule," said Cook.
5:42: "We share our opinion with the administration" in the commentary period of the last wave of tariffs. Cook confirms that none of Apple's products have been affected by the first three wave breaks.
5:38: First question about trade and tariffs. "Our view on tariffs is that they act as a tax on the consumer and deviate, resulting in lower economic growth and sometimes leading to significant risk of unintended consequences."
5:32: On questions and answers. Cook: "Given the moment we see … we feel good about our current services, but we are also excited about our pipeline with new services in it too."
5:22: Greater China, which includes Taiwan and Hong Kong, grew 19% the following year.
5:20: Maestri says that Apple grew in each of the 15 largest markets.
5:18: Now, Finance Director Luca Maestri talks.
5:15: Wow, Cook's opening recommendations are much longer than normal.
5:10: 4 million people run Apple's beta software. Also soon you can play with iPhone on CVS and 7-11.
5:09: AirPods, Apple Watch and Beats headphones were up 60% year-round. Apple calls these wearables.
5:07: Apple music grew 50%. AppleCare revenue grew most in 18 quarters, says Cook. He really uses a lot of time on services.
5:06: People download more apps as before, says Cook. He attaches great importance to the App Store making jobs.
5:05: Cook says paid subscriptions from Apple and third parties had gone 300 million. There are now 30,000 apps that offer subscriptions in the app.
5:03: Apple CEO Tim Cook says this is the strongest growth growth Apple has posted in 11 quarters.
Here are the key figures from Apple:
EPS (diluted) : $ 2.34, up 40% compared to expectations of $ 2.18
Revenues : $ 53.3 billion , up 17% compared to expectations of $ 52.42 billion
Gross margin : 38.3%, flat last year, against expectations of 38.3%.
iPhone Device Sales : 41.3 Million, Flat All Over, against Expectations of 41.6 Million
iPhone ASP : $ 724 against Expectations of $ 699
iPad Unit Sales ]: 11.5 million, flat over the year
Mac sales : 3.7 million, down 13% the year before
Services revenue : $ 9.54 billion, an increase of 31% in compared to the year against expectations of $ 9.22 billion
Here is a table with the key figures: