There is no way to turn because the results from January to March 2019 are targeted as expected, but Apple (Apple) still estimates that next-quarter revenue is higher than analysts had expected. Send to increase stock value even though quarterly revenue is reduced by 5% compared to the same quarter of the previous year. It is expected to be due to stock repurchase policy and 77% dividend per share. Submit the stock value quickly after the announcement.
The interesting point is that although the iPhone's (iPhone) sales revenue will decline, but revenue from Apple's service business could make a new record of $ 11.5 billion. Considered a beautiful and beautiful growth
Recipe shrinks 5%
Apple announced financial results for the second quarter of fiscal year 2019, which ended March 30, 2019. The company announced quarterly revenue of $ 58 billion, down 5% from the same quarter a year earlier. Quarterly net income was $ 2.46 per diluted share, down 10%, and overseas sales were considered 61% of quarterly revenue.
Apple CEO Tim Cook said quarterly results for March show the continued strength of more than 1.4 billion devices in use in the market. Not only showing pride in making new statistics for the service business but also ensuring that Apple creates continuous growth for home use and accessories
"All this set a new record for the March quarter," Tim Cook said. "The iPad has the fastest growth in 6 years and we are thrilled with the hardware, software and services that will be launched in the future," he said. "We look forward to sharing more information with developers and customers at the 30th Worldwide Developer Conference held in June."
iPhone sales shrank 17.33%
Revenue from the sale of the iPhone (iPhone) in the last 3 months decreased 17.33% over the previous year. IPhone revenue accounted for 53.5% of Apple's revenue this quarter, which is lower than in the past
Despite weaknesses, Apple showed a strong cash flow of $ 11.2 billion in the March quarter. And serious investment in all business of the company, Luca Maestri, Apple's chief financial officer, said the company paid investment of more than $ 27 billion to investors. Through repurchase of shares and payment of dividends With confidence in Apple's future and the value of the stock
"The Executive Committee has approved an additional repurchase limit of $ 75 billion and we have also increased the quarterly dividend payment rate for the 7th time in less than 7 years."
Apple's board of directors announced a cash dividend of $ 0.77 per share. That increased 5% as a result of the approval to increase the credit line The dividend will be paid to the shareholders on May 16, 2019 for shareholders who hold stock status at the end of the business day of May 13, 2019.
For the current quarter (April-June 2019) Apple's appraisal is divided into 5 parts: 1. Revenue: between $ 52.5 billion to $ 54.5 billion 2. Gross profit: between 37% and 38%
3. Operating expenses: between US $ 8.7 billion and US $ 8.8 billion. 4. Revenue / (other expenses): $ 250 million and 5. Tax rate: 16.5%