Apple reports $11.56 billion profit on $58 billion revenue in FY Q2 2019, iPhone revenue down 17% YoY

Apple has reported quarterly revenue of $58 billion, down 5% over last year with a net profit of $11.6 billion, down 15.94% YoY and earnings per diluted share of $2.46 for the financial year Q2 2019 that ended March 30, 2019. During earnings call Tim Cook said "For iPhone, while our worldwide revenue was down 17% from a year ago, declines were significantly smaller in the final weeks of the March quarter." 31.1 billion iPhone revenue, down 17% YoY.  Year-over-year performance improved relative to December quarter results in Greater China, in the Americas and in Japan. Installed base of iPhone reached a new all-time high at the end of March Mac revenue was $5.5 billion compared to $5.8 billion a year ago with the decline driven primarily by processor constraint on certain popular models. Double-digit Mac revenue growth in Japan and Korea setting new all-time Mac revenue records in both markets. iPad revenue was $4.9 billion and growth accelerating from the December quarter to 22%. iPad revenue grew in all five of our geographic segments, with a return to growth in Greater China and strong double-digit growth in all other segments. Overall, products revenue declined 9% driven primarily by iPhone $11.5 ...

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