Business
Apple Reports First Quarter Results
Apple posts quarterly revenue of $84.3 billion, 5 percent lower than the year-ago quarter, and quarterly earnings per diluted share of $4.18, up 7.5 percent.
Services, Mac and Wearables Set New All-Time Revenue Records
Apple today announced financial results for its fiscal 2019 first quarter ended December 29, 2018. The Company posted quarterly revenue of $84.3 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $4.18, up 7.5 percent. International sales accounted for 62 percent of the quarter’s revenue.
The 15% drop in iPhone sales. though no surprise, was coupled with a year over year annual revenue decline of roughly one-half of 1% which is the first yearly decline since 2001.
As has historically been the case with Apple, volatility and drama related to this earnings report will be soon washed away by many new innovations, scandals and continued excellence from the world’s foremost technology manufacturer.
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