Apple’s announcement on April 30th of its fiscal results show strong service revenue income

While the company’s quarterly revenue at $58 billion was down by 5 percent from a year ago, service income is up significantly and growing. 61 percent of Apple’s Q2 earnings came from international sales. The full investor call is available for listening at  www.apple.com/investor/earnings-call/ for up to two weeks. Apple has an installed base of over 1.4 billion active devices. View consolidated statements on Apple.com.

Apple’s board of directors declared a cash dividend of $0.77 per share of the Company’s common stock, up by five percent, payable on May 16, 2019 to shareholders by the close of business on May 13, 2019.

Apple offers the following information about its fiscal 2019 third quarter:

• revenue between $52.5 billion and $54.5 billion

• gross margin between 37 percent and 38 percent

• operating expenses between $8.7 billion and $8.8 billion

• other income/(expense) of $250 million

• tax rate of approximately 16.5 percent

More information is available on Apple’s website.