Apple’s quarterly revenues retreat but are above expectations – Technologies

Apple’s fiscal second-quarter revenue was down but still above analysts’ estimates polled by Bloomberg. Profits grew by nearly 6%.

The revenue of the company led by Tim Cook fell 2.5% year-on-year to US$94.84 billion, equivalent to €86.09 billion at current exchange rates, the technology giant said on Thursday.

Even so, revenue was above the expectations of the analysts’ consensus, which pointed to 92.6 billion euros (84.06 billion euros).

Sales of apple-branded products brought the company US$73.93 billion (€67.12 billion), a year-on-year drop of 4.6% but which, even so, is above expectations of 71, 91 billion dollars (65.29 billion euros).

Among the various products, Macs were the ones that registered the most significant drop, with sales falling 31% to 7.17 billion dollars (6.51 billion euros).

In turn, revenues from the sale of the iPad fell 13% to 6.67 billion dollars (6.06 billion euros).

Revenue obtained from “wearables” and accessories dropped 0.6% to 8.76 billion dollars (7.95 billion euros).

The sale of IPhones, the “jewel in the crown” of the company, earned Apple 51.33 billion dollars (46.78 billion euros), a year-on-year growth of 1.5%.

Finally, revenue collected from services grew by 5.5% to USD 20.91 billion (EUR 18.98 billion), below the USD 21.11 billion (EUR 19.17 billion) expected by analysts.

Profit grew 5.84% year-on-year to US$25.01 billion (€22.71 billion).

The shares of the technology – which with these numbers closes the quarterly “earnings season” of the “big tech” group – continue to appreciate 0.15% to 167,698 dollars in the “after hours”.

(News updated at 10:23 am).

Source: Jornal de Negócios by

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