Apple Posted Quarterly Revenue of $53.8 Billion

Financial results for its fiscal 2019 third quarter.

  • revenue between $61 billion and $64 billion

  • gross margin between 37.5 percent and 38.5 percent

  • operating expenses between $8.7 billion and $8.8 billion

  • other income/(expense) of $200 million

  • tax rate of approximately 16.5 percent

Services revenue reaches new All-Time High:

This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends,” said Tim Cook, Apple’s CEO.

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