The above graph represents the worldwide Apple quarterly revenue by products & services. Apple’s major products include iPhone, iPad, Mac, Apple TV, Apple Watch, and Services business. Apple’s revenue in fiscal Q3 2019 clocked $53,809 million ($53.8 billion), worldwide. Interestingly, this was the highest revenue generated in June quarter ever. The revenue was primarily driven by the all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends.
|Source||Apple Quarterly Reports, SEC Filings|
|Last Updated||31 July 2019|
|Note||Apple financial year – October 1 to September 30|
About 78.7% of Apple’s total revenue in fiscal Q3 2019 came from its products. While the rest 21.3% came from Apple’s services business.
Apple generates a majority of its quarterly revenue from the sales of iPhones. However, Q3 2019 was the first time in the last 7 years when the iPhone accounted for less than half of Apple’s overall revenue for the quarter. Apple’s revenue from iPhone in fiscal Q3 2019 declined a notable 11.8% YoY to $25,986 million.
Apple’s revenue from Mac increased 10.7% YoY in fiscal Q3 2019, amounting to $5,820 million. The company witnessed a 5.6% increase in its Mac revenue when compared to the previous quarter. The revenue from iPad also increased 8.4% YoY in the third quarter of 2019, bringing in $5,023 million.
Surprisingly, Apple’s revenue from its other products (including Wearables, Home and Accessories) recorded the maximum growth, bringing in $5,525 million in fiscal Q3 2019, up by a whopping 48% YoY.
Meanwhile, Apple’s Services business continues to grow rapidly, recorded 12.6% YoY in fiscal Q3 2019, to $11,455 million – the highest till date. Apple’s services revenue now accounts for over 21% of the company’s total revenues.
Apple Revenue from Products & Services: History!
Apple generates a majority of its revenue from the sales of iPhone, every year. It was fiscal Q1 2018 when Apple iPhone revenue reached an all-time high of $61,104 million, with 12% YoY growth. Nearly 69% of the company’s total revenue in fiscal Q1 2018 came from iPhones. All thanks to iPhone X which emerged as the world’s most selling smartphone in both Q1 and Q2 2018.
Surprisingly, in fiscal Q1 2013, the iPad revenue crossed $10 billion mark for the first time. Apple’s iPad revenue increased from $10,674 million in fiscal Q1 2013 to $11,468 million in fiscal Q1 2014 – highest till date.
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