Apple announces the financial results of Q2 of 2019 with record revenue for its services

Apple has announced the financial results for the second period of 2019, which actually belong to the first quarter of the year. Its first financial results included the period of the end of 2018 and implied a big drop in sales of the iPhone, specifically a 15% decrease in revenues.

During the first quarter of 2019 Apple has indicated that they have entered a total of 58,000 million dollars with a net profit of 11,600 million dollars. Although they look like very good figures, they are worse than last year at this point. In the first quarter of 2018, the company generated 61,000 million dollars and obtained a net profit of 13,800 million dollars.


But the really interesting of the financial results of Apple during the first quarter of 2019 is the percentage of sales of each of its categories: iPhone, iPad, Mac, accessories, and services.

Also see: Do you already have these iPhone apps that are only free today?

Service revenues continue to rise like foam

We already warned in mid-March of the year 2018, Apple’s services generate a brutal income to the company of the bitten apple. With the App Store, Apple Music, Apple Pay, Apple News, iTunes, iCloud and other services, the firm was responsible for 20% of the total revenues of the first quarter of 2019. And with the arrival of Apple News +, Apple TV +, Apple Arcade and Apple Card, the services will bring them even greater profits by the end of the year.

Apple Results

As you can see in the Macrumors statistics graph, iPhone sales have generated 54% of total revenues, while iPad sales only generate 8% of profits. On the other hand, the accessories are assigned a share of 9% and Mac sales 10%. According to Apple, it has been the best quarter in history for the services of the company

About the author

Hassan Abbas

Leave a Reply