Apple will announce its revenue for the third quarter of 2019 on July 30, with company CEO Tim Cook and CFO Luca Mestri will share the performance of specific market segments on an investor call.
As usual, Apple will provide an in-depth breakdown of the company's financial reports within three months ending in June and answer questions from well-known analysts. While the company no longer announces unit sales for iPhone, Mac and iPad, it still provides product line revenue, regional performance and other key financial indicators.
. In the previous second quarter financial report, due to the continued sluggish iPhone sales, the revenue of Apple company was US$58 billion, a year-on-year decline of 5%. iPhone sales for the quarter were $31 billion, down from $37.6 billion in the same period in 2018.
Apple 's service department has made up for the company's decline in smartphone performance to a certain extent. According to the second quarter financial report this year, the Apple service project's record revenue was US$11.5 billion, up from US$9.9 billion last year.
"Our last quarter results show that the 1.4 billion installed devices are working well because we have created a history of services; in addition to that, our wearables, homes and accessories categories have also shown strong momentum." Cook said, "We achieved the strongest iPad growth in six years and have always attached importance to the comprehensiveness of innovative hardware, software and services."
's financial report this time, in addition to regular indicators of revenue and regional performance of various departments, Apple will also provide Apple News+ market results, a new subscription news service launched this spring. According to early reports, about 200,000 people registered for the service's free trial in the first 48 hours of availability, but the long-term use effect is still unknown.
Apple expects revenue in the third quarter to be between $52.5 billion and $54.5 billion. Operating expenses are expected to be between $8.7 billion and $8.8 billion.
