Apple has reported quarterly revenue of $53.8 billion, up 0.93% over last year with a net profit of $10 billion, down 13% YoY and earnings per diluted share of $2.18, down 7% for the financial year Q3 2019 that ended June 29, 2019. During earnings call Tim Cook said that the company saw significant improvement in year-over-year iPhone performance compared to last quarter, very strong performances for both Mac and iPad and absolutely blowout quarter for Wearables. Continue reading “Apple reports $10 billion profit on $53.8 billion revenue in FY Q3 2019, iPhone revenue down 12% YoY”