Apple’s announcement on April 30th of its fiscal results show strong service revenue income
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While the company’s quarterly revenue at $58 billion was down by 5 percent from a year ago, service income is up significantly and growing. 61 percent of Apple’s Q2 earnings came from international sales. The full investor call is available for listening at www.apple.com/investor/earnings-call/ for up to two weeks. Apple has an installed base of over 1.4 billion active devices. View consolidated statements on Apple.com.
“We generated operating cash flow of $11.2 billion in the March quarter and continued to make significant investments in all areas of our business. We also returned over $27 billion to shareholders through share repurchases and dividends. Given our confidence in Apple’s future and the value we see in our stock, our Board has authorized an additional $75 billion for share repurchases. We are also raising our quarterly dividend for the seventh time in less than seven years.”
Apple’s board of directors declared a cash dividend of $0.77 per share of the Company’s common stock, up by five percent, payable on May 16, 2019 to shareholders by the close of business on May 13, 2019.
Apple offers the following information about its fiscal 2019 third quarter:
revenue between $52.5 billion and $54.5 billion
gross margin between 37 percent and 38 percent
operating expenses between $8.7 billion and $8.8 billion
other income/(expense) of $250 million
tax rate of approximately 16.5 percent
More information is available on Apple’s website.