Apple's profits fall but exceed expectations. Revenues reach a record level



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Direct: Apple 's profit fell in the third quarter but exceeded badyst expectations, while the business turnover reached a record level of service revenue support.

The company reported net income of $ 10.04 billion for the quarter ended June, compared with $ 11.51 billion for the same period last year.

Earnings per share were $ 2.18 in the third quarter, compared to $ 2.34 for the same period last year, compared with a forecast of $ 2.09 per share.

While Apple's revenues reached $ 53.80 billion in the three months ending June, against $ 53.26 billion for the same period last year.

Analysts estimate that the company's revenues would reach $ 53.32 billion over the same period.

Business results indicate that revenues were at a record level over the same period, driven by higher service revenues.

Revenues from services such as Apple Store and Ecklwood reached $ 11.46 billion for the quarter ending June, the highest level ever recorded, compared to $ 10.17 billion for the same period last year. last year.

Apple expects a turnover of between 61 and 64 billion dollars in the fourth quarter of 2019, against 60.9 billion US dollars.

Apple closed down 0.4% to $ 208.78, but grew more than 3% in post-session trade.

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