Apple Q3 2018 Earnings: iPhone sales, revenue, EPS, analysis

Typically, the three months ending in June are the slowest in Apple in terms of business turnover and turnover. This year, however, Apple has recorded the third best quarter in its history, exceeding analysts' expectations in terms of earnings per share and revenue.

The pace has pushed the stock of more than 3% in the extended trade.

However, there were some signs of slowing growth in its key device activities. Sales of the iPhone and iPad remained virtually unchanged from the same period last year. Mac sales are down 13%.

Apple also said its revenue is expected to be between $ 60 billion and $ 62 billion in the next quarter, ahead of Wall Street expectations that, at mid-term, is expected to increase by 15%. One year on the other. The larger than expected figure is a strong indication that Apple will introduce a new iPhone in September.

The "services" business of Apple, which includes iCloud, Apple Music and App Store, grew 31% year on year to reach $ 9.54 billion.

Apple also declared a dividend of $ 0.73 per share. Apple's chief financial officer, Luca Maestri, said during a conference call that the company had "returned nearly $ 25 billion to investors through our capital return program during the quarter, including $ 20 billion of share buybacks ".

Notes of the call:

6:00: We are finished here. Thank you for being connected!

5:57: "We have never done an internal analysis on the number of people with a cheap battery" instead of a new phone, says Apple.

5:49: Revenues on Apple Music grew by more than 50% during the quarter, which Apple calls good results.

5:46: "The cut of the cord is only going to accelerate and accelerate at a faster rate than people thought," Cook said.

5:45: Question Apple Music. "We are very excited to be working with Oprah."

5:44: "We hope calm heads prevail," said Cook.

5:42: "We will share our opinion with the administration" during the comment period on the latest wave of tariffs. Cook confirms that none of Apple's products has been impacted by the first three waves of tariffs.

5:38: First question on trade and tariffs. "Our point of view on tariffs is that they appear as a tax on the consumer and result in lower economic growth and can sometimes result in a significant risk of unintended consequences."

5:32: Go to questions and answers. Cook: "Given the momentum we see … we are very pleased with our current services, but we are also excited about our pipeline with new services."

5:22: Wider China, which includes Taiwan and Hong Kong, has grown 19% from one year to the next.

5:20: Maestri says Apple grew up in each of its 15 major markets.

5:18: Now, CFO Luca Maestri speaks.

5:15: Wow, Cook's opening remarks are much longer than normal.

5:10: 4 million people use the beta software from Apple. Also, soon you will be able to play with your iPhone on CVS and 7-11.

5:09: The AirPods, Apple Watch and Beats earphones grew 60% from one year to the next. Apple calls these "wearables".

5:07: Apple's music has increased by 50%. AppleCare's business figure has grown the most in 18 quarters, Cook said. He really spends a lot of time on services.

5:06: People are downloading more apps than ever before, says Cook. It really highlights that the App Store creates jobs.

5:05: Cook says that paid subscriptions from Apple and third parties have exceeded 300 million. There are now 30,000 apps offering in-app subscriptions.

5:03: Apple CEO Tim Cook says that this is the highest growth rate Apple has posted over the 11 quarters.

Here are the key figures of Apple:

EPS (diluted) : $ 2.34, up 40% from one year to the next, versus 2, $ 18

Income : $ 53.3 billion, up 17% year-on-year, from $ 52.42 billion forecast

Gross margin : 38.3%, stable from one year to the next, compared with expectations of 38.3%.

iPhone unit sales : 41.3 million, stable from one year to the next, against 41.6 million

iPhone ASP : $ 724 against $ 699

sales of iPad units : 11.5 Mac sales : 3.7 million, down 13% from one year to the next [19659029] Service turnover : $ 9.54 billion, up 31% year-on-year, against expectations of $ 9.22 billion

Here's a chart with key sales figures :

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