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Home / Technology / Revenue jumps to $ 53.2 billion as iPhone sales remain stagnant – BGR

Revenue jumps to $ 53.2 billion as iPhone sales remain stagnant – BGR



Apple revenues are interesting in the sense that the company can enter sales into tens of thousands of dollars, selling millions of millions of iPhones, and still end up with disappointing analysts. In fact, investors on Wall Street are not just looking for impressive numbers, they are looking for sales and profit figures that exceed expectations.

Having said that, Apple has today issued its earnings report for the last June quarter and recorded a turnover of $ 53.2 billion and EPS of $ 2.34 . However, analysts expect Apple's revenue for the quarter to fall somewhere in $ 52 billion and EPS to fall somewhere around $ 2.17. As a comparison, Apple had a revenue of $ 45.4 billion in the same quarter a year ago, and EPS of $ 1

.67.

At the same time, net revenue for the quarter was checked at $ 11.5 billion, a nice jump from $ 8.7 billion Apple generated in June quarter in 2017.

Usually, the biggest metric is to note that it concerns iPhone sales, and when the quarter ended, Apple saw 41.3 million in unit sales. In the same quarter last year, Apple iPhone announced sales of 41.02 million units. Impressively, Apple managed to significantly increase revenue, even though there was no stagnant iPhone sales.

"We are thrilled to report Apple's best junk quarter ever, and our fourth quarterly quarter with double-digit revenue growth," said Apple CEO Tim Cook in a press release. "Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables , and we are very excited about the products and services of our pipeline. "

Not surprisingly, revenue from Apple's services continued to impress. During the quarter of the quarter, Apple's range of services – including Apple Music, App Store and iTunes – generated revenue of $ 9.5 billion, well enough for a year-end of 31%.

As with other hardware sales, iPad and Mac sales checked in at 11.5 million and 3.7 million units, respectively. Mac sales decreased by 13% during the year, while iPad sales increased by only 1%.

Apple's shares rose by 2.6% in post-trade.

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