Apple posts $58 billion quarterly revenue

Apple on Tuesday posted revenue of $58 billion for its fiscal second quarter of 2019. That is down 5 percent over the same period last year and down 10 percent per diluted share over the same period last year. However, there were some bright spots in the financial results.

“Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record,” said Tim Cook, Apple’s CEO. “We delivered our strongest iPad growth in six years, and we are as excited as ever about our pipeline of innovative hardware, software and services. We’re looking forward to sharing more with developers and customers at Apple’s 30th annual Worldwide Developers Conference in June.”

Apple said that international sales accounted for 61 percent of the quarter’s revenue.