Apple reports Q3 revenue of $53.8 billion, a one percent increase year-over-year

Shawn Knight

TechSpot Staff
Staff member

Apple on Tuesday announced financial results for its fiscal third quarter ending June 29, 2019. In it, the company posted revenue of $53.8 billion, a one percent increase from the year ago quarter, with quarterly earnings per diluted share of $2.18, which is down 7 percent. Apple said international sales accounted for 59 percent of the quarter’s revenue.

iPhone sales generated $25.99 billion in revenue which is down from $29.47 billion generated during the same period last year.

In its fourth quarter guidance, Apple is expecting :

revenue between $61 billion and $64 billion

gross margin between 37.5 percent and 38.5 percent

operating expenses between $8.7 billion and $8.8 billion

other income / (expense) of $200 million

tax rate of approximately 16.5 percent

Apple’s board has also declared a cash dividend of $0.77 per share of the company’s common stock. The dividend is payable on August 15, 2019, to shareholders of record as of the close of business on August 12.

Apple share value is up more than 4.34 percent in after-hours trading.

Masthead credit: iPhone XS by marianstock

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bexwhitt

TS Evangelist
Apple is more a fashion company than a tech company, don't get me wrong there is nothing wrong with most their tech (apart for their disposable toys they call laptops) but their markup is obscene.
 

Adi6293

TS Guru
Apple is more a fashion company than a tech company, don't get me wrong there is nothing wrong with most their tech (apart for their disposable toys they call laptops) but their markup is obscene.
I wouldn't care about any of it but the fact that they are once of the richest companies on this planet and they choose to manufacture in China pisses me off, I'm not even American citizen but Apple should try to give jobs to "their" people first they can afford it, same goes for rest of the tech giants.....
 

ypsylon

TS Booster
Apple is more a fashion company than a tech company, don't get me wrong there is nothing wrong with most their tech (apart for their disposable toys they call laptops) but their markup is obscene.
I wouldn't care about any of it but the fact that they are once of the richest companies on this planet and they choose to manufacture in China pisses me off, I'm not even American citizen but Apple should try to give jobs to "their" people first they can afford it, same goes for rest of the tech giants.....

Sadly it's not the corporate way to care about people. $ is Everything. Period.
 

Adi6293

TS Guru
Apple is more a fashion company than a tech company, don't get me wrong there is nothing wrong with most their tech (apart for their disposable toys they call laptops) but their markup is obscene.
I wouldn't care about any of it but the fact that they are once of the richest companies on this planet and they choose to manufacture in China pisses me off, I'm not even American citizen but Apple should try to give jobs to "their" people first they can afford it, same goes for rest of the tech giants.....

Sadly it's not the corporate way to care about people. $ is Everything. Period.
I know, greed is what will end us all, hopefully not in our or our kids life time.....