Three things to know about the Cupertino, Calif.-based technology company’s financial performance for the second quarter of 2019:
1. Wearables, home and accessories contributed to $5 billion of Apple’s revenue, a 66 percent increase from $3.9 billion during the same period last year.
2. Apple posted $58 billion in revenue, down 5 percent from $61 billion during the same period last year.
3. iPhones made up most of the tech giant’s revenue at $31 billion, a 16 percent decrease from $37 billion during the second quarter of 2019. Other major revenue sources included services, for which the company reported at $11.4 billion.
“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,” Apple CEO Tim Cook said in a news release.
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