Apple reports $53.8 billion quarterly revenue

Apple on Tuesday reported quarterly revenue of $53.8 billion, which is up 1 percent from the year-ago quarter.

“This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends,” said Tim Cook, Apple’s CEO. “These results are promising across all our geographic segments, and we’re confident about what’s ahead. The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products.”

Revenue for all of Apple’s product categories including Mac, iPad, Wearables, and Services were up in the current quarter over the same period last year. iPhone revenue was down this year over last.

According to Apple, international sales accounted for 59 percent of the quarter’s revenue.