It’s Apple’s Second Best Quarter Ever
The earnings call, of course, comes in the wake of a rare revenue guidance warning that Apple issued on Jan. 2. But despite the warning and the strong hit that Apple took to its iPhone sales, Q1 2019 was still the second-best quarter in Apple’s history.
The quarter is only second to Q1 2018 in terms of performance. Apple reported gross margins of 38 percent, compared to 38.4 percent this time last year. Mostly, Apple’s report fell in line with expectations. Apple also now has $245 billion cash on hand, representing about a 3 percent increase from the last quarter.