Apple earnings day is upon us, and with it we learn how the company performed during the third fiscal quarter of 2019. AAPL forecasted Q3 earnings revenue between $52.5 billion and $54.5 billion, which compares to $53.3 billion reported in the same quarter a year ago.
So how much money did Apple actually make during April, May, and June of 2019? $53.8 billion revenue and $10.04 billion profit. Apple no longer reports iPhone, iPad, and Mac unit sales numbers, though it does report a revenue breakdown by product category.
Apple forecasts revenue between $61 billion and $64 billion during Q4 2019. More details below:
CEO Tim Cook said this about Apple’s Q3 2019 earnings:
CFO Luca Maestri added:
AAPL earnings by product
While AAPL earnings no longer include hardware unit sales, the company does provide this revenue breakdown by product category (we’ve sorted by size):
- $25.99 billion iPhone
- $11.46 billion: Services
- $5.82 billion: Mac
- $5.53 billion: Wearables, Home and Accessories
- $5.02 billion: iPad
AAPL is up in after-hours trading on the earnings release:
Apple has several new products for the Services category coming later this summer and fall including a new Apple Card credit card with Goldman Sachs, the Apple Arcade game subscription service, and the Apple TV+ original content video service. Apple’s Wearables category will expand during the current quarter with new Powerbeats Pro totally wireless earphones. Apple recently unveiled a new MacBook Pro and MacBook Air to jump start the back to school season.
