Apple earnings day is upon us, and with it we learn how the company performed since last quarter’s rare guidance revision. Apple forecasted revenue between $55 billion and $59 billion, down from $61.1 billion reported during the same quarter a year ago.

So how much money did Apple actually make during the first three months of the calendar year? $58 billion revenue and $11.56 billion profit. Apple no longer reports iPhone, iPad, and Mac unit sales numbers, a shift to reporting announced last year that started last quarter.

Apple forecasts revenue between $52.5 billion and $53.5 billion during Q3 2019. More details below:

CEO Tim Cook called out an all-time record for Services and Apple’s upcoming WWDC event:

CFO Luca Maestri says Apple’s board has approved an additional $75 billion for stock buybacks:

Apple’s stock has climbed around 5% during after hours trading following the positive quarterly results:

While Apple no longer shares hardware unit sales, the company does provide this revenue breakdown by product category (we’ve sorted by size):

  • $31.05 billion iPhone
  • $11.45 billion: Services
  • $5.51 billion: Mac
  • $5.13 billion: Wearables, Home and Accessories
  • $4.87 billion: iPad

Apple has several new products for the Services category coming later this summer and fall including a new Apple Card credit card with Goldman Sachs, the Apple Arcade game subscription service, and the Apple TV+ original content video service. Apple’s Wearables category will expand during the current quarter with new Powerbeats Pro totally wireless earphones. Apple unveiled a new version of AirPods, a speed-boosted iMac, and the iPad mini 5 and iPad Air 3 at the end of this quarter.

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