Apple again with a record quarter – thanks to the iPhone and services

The smartphone business is booming at Apple in the second quarter. The turnover amounts to 53.3 billion US dollars. There is virtually no increase on the iPhone.

While at competitor Samsung, the mobile business is weakening and sales and net profit are dropping, it works well at Apple – also and especially thanks to the iPhone. On Tuesday night, the Cupertino group announced after the NASDAQ market closed new business and profit records for a June quarter. With quarterly sales of $ 53.3 billion, up 17% over the same quarter of last year, earnings per share rose 40% to $ 2.34 per share. Overall, net profit was $ 11.5 billion for the quarter ended June 30, 2018.

The iPhone X is useful – Despite Stagnation

In the second quarter of 2017, Apple had $ 8.7 billion in revenue of $ 45.4 billion. The margin decreased slightly in 2018 from 38.3% to 38.5%. In international markets, Apple realized this time 60% of sales

The good results and sales of the iPhone X up to 1320 euros, which was released last autumn , would have been useful. For the iPhone stagnates in principle: in figures this time counted, 41.3 million Apple smartphones were on sale, in the second quarter of 2017, there were only 300,000 less. In the iPad sales shows the curve – probably due to the end of March new entry-level model of the tablet series – slightly up: 11.55 million instead of 11.42 millions of tablets have been sold.

The Mac business, however, rose from 4.29 million units in the second quarter of 2017 to 3.72 million units. The Apple itself attributed to its product policy: The group had introduced this year only in July calculator fee – and here only in the category of professional notebooks.

Cook very happy

He was "very happy" about the best quarter of June and the fourth consecutive quarter of double-digit sales growth, said Apple CEO Tim Cook. He also pointed out that the service sector (iCloud, Apple Music, iTunes and others), with a business turnover of 9.55 billion, and the wearables sector with Apple Watch, for which the company does not mentions no specific sales figures, remain solid grow

The other products category, which also includes AirPods, Apple TV, iPod and HomePod, grew 37% to $ 3.7 billion worth of revenue. business; Apple Watch and AirPods alone should have made a 60% increase in sales. "We are very excited about the new products and services in our pipeline," said Cook.

The stock market reacts positively

Apple has announced a dividend of 73 cents per share for August 16. Apple expects sales of 60 to 62 billion US dollars for the third quarter of 2018.

Brokers reacted positively to Apple's numbers: shortly after the announcement of figures, they rose to 3.4% per share with the shares, the note of the billion reached the field of arrival. Apple bought $ 20 billion of its own stock in the second quarter and $ 5 billion in dividends.

(bsc)