The quarter revenue is $84.31billion with net profits of $29.965 billion, compared to $88.3 billion and net quarterly profits of $20.1 billion in the same year-ago quarter, the earnings share is increased to $4.18 while it was $3.89 at the same period.
Apple in September estimated its revenue to be $89-93 billion, but the company in January in a rare action released another guidance decreased the number to $48 billion, attributed that to many factors which Tim cook repeated some of them at the conference including economic slowdown in China and other emerging countries, restricted iPhone subsidies in the developed markets like Japan, the later launch of iPhone XR, and fewer upgrades due to many iPhone users took advantage of Apple’s discount on iPhone batteries replacement in 2018.
Even with the warning about the revenue reduction and what followed it by making headlines and droppings in Apple stock market, the first 2019 fiscal quarter remains the second-best in Apple's history in terms of revenue and profit, it only trailed the last year correspondent quarter.
38.0 percent was the gross margin for the quarter while the year-ago quarter was 38.4, with the international sales contributed by 62 percent in revenue. Shareholders will receive a dividend payment of 0.73 per share as Apple declared.
At the call earnings conference in September Apple announced that the manner in which it reports the results will change, people cast doubts about the efficiency of future iPhone sales, starting this quarter, Apple chooses to stop providing data about unit sales for iPhone, iPad, and mac, the company debates that quarterly unit sales are not a far indicator on how Apple’s business is strength.
“While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” said Tim Cook, Apple’s CEO. “Our active installed base of devices reached an all-time high of 1.4 billion in the first quarter, growing in each of our geographic segments. That’s a great testament to the satisfaction and loyalty of our customers, and it’s driving our Services business to new records thanks to our large and fast-growing ecosystem.”Apple expectation for the second quarter of fiscal 2019 guidance is $55-59 billion in revenue, which is near or slightly below analytics’ predictions of about $59 billion and gross margin between 37 and 38 percent. Just hours after the release Apple’s stock trading revived with about 2.5 up.
Data source: Apple via MacRumors
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