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Apple Reported A Good Earnings In Third Quarter

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Apple Reported A Good Earnings In Third Quarter

When it comes to Apple, the tech giant company has an excellent reputation for giving the right amount of returns. Recently Apple announced its third-quarter results, and it has brought good news for its investors. Apple reported more than $53.8 billion revenue, which is a one percent increase from last year’s quarter. The quarterly earnings per share are approximately $2.18, which is 7 percent less as compared to the previous year’s quarter. One significant finding in this report was that international sales accounted for 59 percent of its total sales. Apple’s executives are quite happy about this achievement of theirs, and they think it shows excellent success got by the company.

Apple managed to earn a substantial amount of earnings from wearables, iPad, and MacBooks. Sale of iPhones also improved in this quarter, and it helped the company to come on track again. iPhones low amount of sales has been a significant problem for Apple because the tech giant was not able to perform better. Trade war has affected severely on apple’s global business. The company is trying to manage its operation very hard because of rising geopolitical situations among US-China. However, in this third quarter, Apple managed to collect more than $11.6 billion of cash reserves, which are significant for its investors.

Apple distributed more than $3.6 billion in the forms of dividends and related things to its investors. After giving such an excellent response, Apple’s expectations have risen, which is a good indication for investors of the company. Apple is expecting to collect between $61-64 billion in revenue in the fourth quarter. The gross profit margin is expected to be around 37.5-38.5 percent and a tax rate of approximately 16.5 percent. So far, Apple’s board of directors has declared a dividend of $0.77 per share. General investors now can read the whole quarterly report of Apple on the company’s website.

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Tajammul Pangarkar is a tech blogger, and has contributed to numerous tech magazines. Taj's longstanding experience in the field of mobile technology and industry research is reflected in his insightful news articles as presented on TechnoVally. His interest lies in understanding the tech trends, mobile applications and technical consciousness on these increasingly consumer-oriented industries. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.