Apple's profits impressed, and they alluded to a big launch of the iPhone in September (AAPL)

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• Apple announced solid earnings Tuesday, exceeding expectations for both revenue and earnings per share.
• The pace was partially fueled by the "services" business of Apple, which includes iCloud, Apple Music and the App Store. In total, service revenues increased 31% year-over-year to $ 9.54 billion.
• The business figure of the iPhone and the iPad remained unchanged from last year
• Mac sales are down 13% from at the same time in 2017.

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income. This year, however, Apple has recorded the best third quarter of the company's history, exceeding analysts' expectations in terms of earnings per share and revenue.

The stock pushed stocks up more than 3%

to slow growth in key businesses. Sales of the iPhone and iPad remained virtually unchanged from the same period last year. Mac sales declined by 13%.

Apple also expects its turnover to be between $ 60 and $ 62 billion in the next quarter, ahead of Wall Street expectations that would increase by 15% from a year ago. on the other. The higher than expected figure is a strong indication that Apple will introduce a new iPhone in September.

Apple's "services" business, including iCloud, Apple Music and App Store, grew 31% year-on-year to $ 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 " reported to investors nearly $ 25 billion during the quarter, including $ 20 billion in redemptions d & # 39; actions. "

6:00: We have finished here Thank you for listening!

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

5:49: The turnover on Apple Music has increased by more than 50% during the quarter, what Apple calls good results.

5:46: "The cutting of the cord is only going to accelerate and accelerate at a faster pace"

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

5:44:" We hope the calm heads will carry it. "

5:42:" We will share our opinion with the administration "during the comment period on the last wave of tariffs The products of Le were impacted by the first three tariff waves

5:38: First question on the 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 lead to a significant risk of unforeseen consequences. "

5:32: Questions and answers Cook:" Account given the momentum we see … we feel good about our current services, but we We are also delighted with our pipeline with new services. "

5:22: Greater China, which includes Taiwan and Hong Kong, grew 19% year-on-year.

5:20: Maestri says that Apple has grown in each of its 15 main 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 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. He really insists 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 applications offering application subscriptions.

5:03: Apple CEO Tim Cook says it's the highest growth rate recorded by Apple in 11 quarters.

] EPS (diluted) : $ 2.34, up 40% from one year to the other, compared to $ 2.18

Income : 53, $ 3 billion, up 17% year-over-year, versus $ 52.42 billion [19659035] Gross margin : 38.3%, year-on-year versus 38.3%

iPhone unit sales : 41.3 million, year-on-year versus 41.6 million [19659035] iPhone ASP : $ 724 vs. $ 699

unit sales iPad : 11.5 million, stable from one year to the next

Mac sales : 3.7 million, down 13% year on year

Revenues of services : $ 9.54 billion, up 31% from one year to the next, compared to expectations of $ 9.22 billion

Here is a table with figures Keys to Sales:

Apple[19659041] Charts:

<img src = "https://static2.businessinsider.com/image/5b60d31564dce81d008b47e8-2340/bii-iphone-sales-alone.png" border = "0" alt = "sales of 39 Apple iphone Q3 2018 alone [19659002] BI Intelligence

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