Apple a few moments ago issued its earnings report for the March quarter and posted revenue of $58 billion, a quarterly profit of nearly $11.6 billion, and EPS of $2.46. Leading up to today’s earnings report, analysts on Wall Street were anticipating revenue to fall somewhere in the $57 billion range and EPS to fall around $2.36.
As a point of contrast, Apple during the same quarter last year posted revenue of $61.1 billion and EPS of $2.73. So while revenue did drop year-over-year, that isn’t entirely unexpected given Apple’s cautionary note to investors earlier this year regarding slower demand for new iPhone models than initially expected.
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Apple posts Q2 earnings: Revenue hits $58 billion originally appeared on BGR.com on Tue, 30 Apr 2019 at 16:32:28 EDT. Please see our terms for use of feeds.
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