Apple Announces Quarterly Results and Expects Solid Revenue This Quarter



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Apple posted a profit of $ 10.04 billion ($ 2.18 per share) in the third quarter ended June 30, compared to $ 11.52 billion ($ 2.34 per share) in the same period last year. Last year, the markets were expecting earnings of $ 2.09 per share.

The company's quarterly revenues were $ 53.8 billion in the last quarter, compared to $ 53.27 billion for the same period in 2018, while badysts forecast revenues of $ 53.32 billion. .

The company generated $ 25.99 billion in revenue from iPhone sales, $ 5.02 billion from iPad sales and $ 11.46 billion from various services as an application retailer.

The iPhone maker is forecasting revenues of $ 61 billion to $ 64 billion for the current quarter, ending September 30, exceeding badysts' forecasts of $ 60.9 billion.

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