iPhone Sales Haven’t Grown
Apple reported quarterly revenue of $58 billion, around a 5 percent decline year-over-year. Gross margin for Q2 2019 was 37.6 percent, which is down slightly compared to the 38.3 percent reported in the same quarter last year.
- iPhone: $31 billion
- iPad: $5.5 billion
- Mac: $4.9 billion
- Wearables, Home and Accessories: $5.1 billion
- Services: $11.5 billion
While iPhone revenue hasn’t increased, Apple seems to have stemmed the tide of declining sales somewhat. But other categories, like iPad, services and wearables, are continuing to boom. Apple also initiated a quarterly dividend payment increase year-over-year, from .73 cents to .77 cents per share.