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Apple today announced its results for the second quarter of its fiscal year 2019. Revenues declined 5.1% to $ 58.0 billion this quarter. The gross margin for the quarter was 37.6%, down from 38.3% a year ago. Operating profit decreased 15.6% to $ 13.4 billion and net profit declined 16.3% to $ 11.6 billion. This translates into earnings per share of $ 2.46, down 9.9% from a year ago.
| Apple's financial results for the second quarter of 2019 (GAAP) | |||||
| Q2 & # 39; 2019 | Q1 & # 39; 2019 | Q22018 | |||
| Turnover (in billions of USD) | $ 58,015 | $ 84,310 | $ 61,137 | ||
| Gross margin (in billions of USD) | $ 21,821 | $ 32,031 | $ 23,422 | ||
| Operating profit (in billions of USD) | $ 13,415 | $ 23,346 | $ 15,894 | ||
| Net income (in billions of US dollars) | $ 11,561 | $ 19,695 | $ 13,822 | ||
| margins | 37.6% | 38.0% | 38.3% | ||
| Earnings per share (in USD) | $ 2.46 | $ 4.18 | $ 2.73 | ||
Although Apple no longer provides unit sales of their products, iPhone sales continue to experience difficulties. For the quarter, the turnover of the iPhone fell by 17.3% to $ 31.0 billion. This is at a time when unit prices have reached their highest level in the history of the iPhone. What seemed to be an unstoppable force met the immutable object of market saturation.
Mac sales also declined, but only 4.5%, with revenues of $ 5.5 billion for the quarter. As with the iPhone, we are no longer aware of unit sales figures.
The iPad has seen some recovery after several years of declining revenues. The iPad's revenues grew 21.5% over the second quarter of 2018, with revenues of $ 4.9 billion for the quarter. Here, Apple has not only increased the price of its Pro models, but also lowered the entry-level price for the basic iPad, and this two-tiered approach seems to have helped correct the decline in sales , At least for the moment.
The ever-growing list of Apple products in the Accessories group continues to perform well, to the point that the group is now calling Wearables, Home and Accessories. The absence of an Oxford comma can be forgiven since the revenues of this sector have increased by 30%, reaching $ 5.1 billion for the quarter.
Finally, Apple's Services business also continues to grow, thanks to 1.4 billion active devices. Services, which include iTunes, Apple Music, iCloud and other products, grew 16.2% to $ 11.4 billion. If you divide this into active devices, Apple generates $ 8.18 in service fees per device in just three months.
| Apple's 2011 Q1 business turnover (in billions of US dollars) | |||||
| Q2 & # 39; 2019 | Q2 & # 39; 2018 | Change of year / year | |||
| iPhone | $ 31,051 | $ 37,559 | -17.3% | ||
| iPad | $ 4,872 | $ 4,008 | + 21.5% | ||
| Mac | $ 5,513 | $ 5.776 | -4.5% | ||
| Clothing, home and accessories | $ 5.129 | $ 3,944 | + 30.0% | ||
| Services | $ 11,450 | $ 9,850 | + 16.2% | ||
Apple has approved a cash dividend of $ 0.77 per share and authorized the redemption of $ 75 billion of additional shares. In the third quarter, the company expects a turnover of between 52.4 and 54.5 billion dollars, with a gross margin between 37% and 38%.
Source: Apple Investor Relations
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