Apple closed the third quarter of 2019 with slightly higher revenues, against analysts' forecasts: it obtained 53.8 billion dollars against 53.3 billion last year in the same quarter (1 percent more). In the third quarter, net income was 10 billion (-13 percent) and there was a big drop in iPhone sales, with revenues going up from $ 29.5 billion in the third quarter of last year. to 26 billion this year. It's the first time since 2012 that iPhones bring in less than half of the company's overall revenue.
Apple's small growth in total revenue is due in part to an increase in sales in China, which in recent months had been the most troubled market for the company: in the second quarter, Apple's revenues in China were down 22 per cent. percent on an annual basis, while in the third quarter the decline stopped at 4 percent. The decrease in iPhone sales was offset by an increase in all other categories of the company's products and services: services such as the App Store, Apple Care, Apple Pay, iCloud and Apple Music achieved revenues of $ 11.46 billion. , up from 10.17 last year, and just under the 11.68 estimated by analysts.
