Apple Q3 earnings: iPhone sales down, Apple Watch on the rise, Apple Card launches next month
On Tuesday, Apple released its Q3 earnings report with a quarterly revenue of $ 53.8 billion, just a 1% hike over the same quarter of 2018. This has been Apple’s most successful June quarter yet, as per the company. While services revenue has reached an all-time high, a significant boost of wearables revenue also factored into this quarter’s success.
Although overall sales have increased in the US to $ 25.1 billion (up from $ 24.5b in Q3 2018), Apple has seen revenues drop in China ($ 9.2b vs. $ 9.6b in Q3 2018) and Europe ($ 11.9b vs. $ 12.1b in Q3 2018) as a result of increased competition. Japan saw a 9.5% increase YoY with $ 4.1b in revenue and the rest of Asia Pacific saw a boost…
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