“Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record,” mentioned Tim Cook, Apple’s CEO. “We delivered our strongest iPad growth in six years, and we are as excited as ever about our pipeline of innovative hardware, software and services. We’re looking forward to sharing more with developers and customers at Apple’s 30th annual Worldwide Developers Conference in June.”
“We generated operating cash flow of $11.2 billion in the March quarter and continued to make significant investments in all areas of our business,” mentioned Luca Maestri, Apple’s CFO. “We also returned over $27 billion to shareholders through share repurchases and dividends. Given our confidence in Apple’s future and the value we see in our stock, our Board has authorized an additional $75 billion for share repurchases. We are also raising our quarterly dividend for the seventh time in less than seven years.”
Reflecting the permitted improve, Apple’s board of administrators has declared a money dividend of $0.77 per share of the Company’s widespread inventory, a rise of 5 %. The dividend is payable on May 16, 2019 to shareholders of report as of the shut of enterprise on May 13, 2019.
The administration workforce and the Board will proceed to assessment every aspect of the capital return program recurrently and plan to offer an replace on this system on an annual foundation.
Apple is offering the next steerage for its fiscal 2019 third quarter:
- income between $52.5 billion and $54.5 billion
- gross margin between 37 % and 38 %
- working bills between $8.7 billion and $8.Eight billion
- different earnings/(expense) of $250 million
- tax fee of roughly 16.5 %
