Apple posts $ 58 billion in its second fiscal quarter of 2019 [atualizado]

Apple has just released the financial results for its fiscal second quarter 2019, completed on March 30th.

The company already predicted an annual drop in numbers, and it was confirmed: we had a turnover of $ 58 billion, net profit of $ 11.6 billion and earnings per diluted share of $ 2.46. The results compare, respectively, to US $ 61.1 billion (therefore, a decrease of 5%), US $ 13.8 billion (decrease of 16%) and US $ 2.73 (decrease of 10%) in the second fiscal quarter 2018.

Gross margin in the period was 37.6%, and Apple’s international sales comprised 61% of all quarterly revenue.

The division of billing by segment was as follows:

• iPhone: US $ 31.1 billion (-17.3%)
• Mac: $ 5.5 billion (-4.5%)
• iPad: US $ 4.9 billion (+ 21.5%)
• Wearables, Home and Accessories: US $ 5.2 billion (+ 30%)
• services: $ 11.5 billion (+ 16%)

Here is the statement by the executive director (CEO) Tim Cook:

Our results for the March quarter demonstrate the continued strength of our installed base, with more than 1.4 billion active devices, while we set a new historical record for Services, and the strong moment in our category of Wearables, Home and Accessories, which set a new record in March. We have achieved the greatest growth in the iPad in six years, and we are more excited than ever for our future line of innovative hardware, software and services. We can’t wait to share more with developers and consumers at Apple’s 30th Worldwide Developers Conference in June.

And that of the CFO Luca Maestri:

We generated an operating cash flow of US $ 11.2 billion in the March quarter and continue to make significant investments in all areas of our business. We also returned more than $ 27 billion to shareholders through share buybacks and [pagamento de] dividends. Given our confidence in Apple’s future and the value we see in our shares, our Board has authorized an additional $ 75 billion share buyback. We are also increasing our quarterly dividend for the seventh time in less than seven years.

Looking ahead to the fiscal third quarter 2019, Apple predicts revenue of $ 52.5-54.5 billion, gross margin between 37% and 38%, operating expenses between $ 8.7 and $ 8.8 billion, other revenue / (expenses) of $ 250 million and a tax rate of approximately 16.5%.

Apple’s board of directors declared a cash dividend of $ 0.77 per common share of the company (increase of 5%), payable on May 16, 2019 to all shareholders registered at the end of business on May 13, 2019. Apple said its management team and the Board will continue to review every aspect of the capital return program on a regular basis and that it plans to release updates from it each year.

Soon, starting at 6 pm (Brasília time), Apple will hold an audio conference to talk about these numbers and answer questions from the press. Afterwards, we will do a complete coverage with the highlights of what to roll over here in MacMagazine.

Update Apr 30, 2019 at 17:55

Tuesday itself was not very good for Apple on NASDAQ. The $ AAPL closed the day down 1.93%, while the $ AMZN fell less (-0.61%) and thus managed to take second place among the most valuable companies in the world. Apple is now worth $ 946.2 billion; Amazon, $ 948.9 billion. $ MSFT had a positive day (+ 0.64%) and led Microsoft to close the day at $ 1.001 trillion. Worse than Apple was $ GOOG, which plunged 7.7% after Alphabet’s lower-than-expected results released yesterday.

Despite this set of chairs, Apple’s recently released results pleased Wall Street. At this time, $ AAPL is firing 5.2% in the NASDAQ post-close trading session. If it keeps up that pace tomorrow, it could hit the $ 1 trillion mark again in market cap.