When Apple reported its Q3 2018 earnings one year ago, it said that it was its best June quarter ever. Now that this most recent quarter has beaten the old one out for best ever.
Apple today said that its Q3 2019 revenue was $53.8 billion, up from $53.3 billion in the year-ago quarter. Operating income for the quarter finished at $11.5 billion while net income finished $10.0 billion, a bit below the $11.5 billion in net income that Apple brought in one year ago.
While Apple no longer offers specific sales numbers for its products, it does say that the iPhone earned $26.0 billion in revenue, down from $29.4 billion in the year-ago quarter. iPad and Mac revenue both grew this quarter, finishing at $5.0 billion and $5.8 billion, respectively, while the Wearables, Home, and Accessories category jumped to $5.5 billion. Services revenue grew from $10.2 billion one year ago to finish at $11.5 billion this quarter.
“This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends,” said Apple CEO Tim Cook. “These results are promising across all our geographic segments, and we’re confident about what’s ahead. The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products.”
Apple will host its Q3 2019 earnings call this afternoon to discuss these results further. We'll be listening in and will be sure to report back with any interesting tidbits that Tim Cook and Co. may share.
