Apple,in its revenue report for the third quarter released on Tuesday, said its revenue exceeded analyst estimates and exceeded estimates. The company said revenue of $2.18 per share was $53.8 billion.
In the same quarter last year, the company generated a total of $53.27 billion in revenue stakes, generating revenues of 2.34 per share. Apple, the previous quarter,2.46 per share revenue of $ 2.46, the total revenue of $ 58.02 billion underlined. Apple shares rose 32.36 percent during the year.
Let’s also note that there has been a significant increase in revenue from Apple services. If you recall, Apple had a service-only event last March. At this point, iCloud, app store, Apple Music, Apple Pay and other new services are crucial to Apple’s future growth and revenue diversification. Services accounts for 19 percent of Apple’s revenues in the last quarter. Apple TV+ and game service Apple Arcade will also be released in the fall. The credit card, designed by the company in partnership with Goldman Sachs, will be available at the end of the summer.
As a result, revenue from Apple services was $11.46 billion.
Apple’s iPhone revenues fell from $29.47 billion the previous year to $25.99 billion this year. That’s a 12 per cent year-on-year decline. Let’s also mention that the company’s revenue forecast for iPhone sales is below Wall Street’s expectations. Apple generated $128.1 billion in phone revenue sourcing in 2018, compared to $109 billion in phone revenue. For the first time since 2012, Apple’s iPhone sales in a quarter did not generate 50 percent or more of its total revenue. iPhone sales contributed 48.3 percent to Apple’s total revenue of $53.8 billion.
Revenue from iPad sales in the third quarter rose from $4.63 billion to $5.02 billion. In the last quarter, the iPad recorded its strongest revenue increase in six years. In the wearable accessories category, sales were $5.53 billion in the quarter. In the same quarter last year, this sales was announced at $3.73 billion.