- General
- May 1, 2019
- 4 minutes read
Apple Records $58 Billion Quarterly Sales
image: Apple Apple has announced its results for its fiscal 2019 second quarter that ended on the 30th of March…
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| image: Apple |
Apple has announced its results for its fiscal 2019 second quarter that ended on the 30th of March 2019. The iPhone maker recorded $58 billion revenue for the period, a 5% decline from the same period last year. Sales outside the U.S. accounted for 61% of the quarter’s revenue. Apple is now projecting revenue between $52.5 billion and $54.5 billion for its fiscal 2019 third quarter.
The company has also authorized an additional $75 billion for share buybacks and raised its cash dividend to $0.77 per share, a 5% increase. For the March quarter, Apple says it delivered its strongest iPad growth in six years, generated operating cash flow of $11.2 billion and returned more than $27 billion to shareholders via share buybacks and dividends.
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| Apple’s senior vice president of Software Engineering, Craig Federighi
image: Apple
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Apple CEO Tim Cook touted growth in its Services business, as well as Wearables, and Home and Accessories. “Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record…” He said.
