The above graph represents the worldwide Apple revenue by quarter, starting from fiscal Q1 1993 to fiscal Q3 2019. Apple’s revenue in fiscal Q3 2019 amounted to $53,809 million ($53.8 billion), worldwide – the highest revenue in June quarter ever. The company registered a 1% year-over-year growth in its quarterly revenue. The growth was primarily driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and the significant improvement in iPhone trends as well, according to Tim Cook.
|Source:||Apple Quarterly Reports, SEC Filings|
|Last Updated:||31 July 2019|
|Note:||Apple financial year – October 1 to September 30 of the following year|
However, the company recorded a notable -7.2% decline in its Q3 revenue when compared to the previous quarter. In fiscal Q2 2019, Apple posted quarterly revenue of $58,015 million ($58 billion), with a year-over-year increase of 5.1%.
Apple Revenue by Quarter: History
It is important to note that the first fiscal quarter of every year, known as the holiday quarter, has always been the most promising for the company, in terms of revenue and sales. It was fiscal Q1 2013 when the quarterly revenue of Apple crossed $50 billion for the first time.
While in fiscal Q1 2018, ended on December 30, 2017, Apple’s revenue reached an all-time high of $88,293 million ($88.3 billion), posting nearly 13% YoY growth. Nearly 70% of that came from the global sales of iPhones. iPhone X, iPhone 8 and 8 Plus emerged as the three best-selling smartphones of Q1 2018.
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