New Initiatives & Customer Satisfaction Drive iPhone Revenues At $26 bln in Fiscal 2019 Q3, Says Cook

Tim Cook says Apple iPhone Revenues at $26bln in Fiscal 2019 Q3 on new initiatives & customer satisfaction besides loyalty to see growth in all five geographies. Apple Trade In and Finance Program push iPhone sales.

Apple’s iPhones Fiscal 2019 Q3 revenue reached $26 billion driven by the Company’s new initiatives and customer satisfaction from all five geographies, informed Tim Cook, Apple CEO over live stream event. The Company posted quarterly revenue of $53.8 billion, an increase of 1 percent from the year-ago Quarter according to the official press release.

The talking point of the conference call for us to discuss is the portion on Apple iPhones performance for the Company for Fiscal Q3 2019 ending June as informed by Cook at the event. We referred to the recording and put up a gist of the transcript of the event recording for your exclusive benefit below talking about Apple iPhones.

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Apple iPhones Logs $26bln in Fiscal Q3 2019 on New Initiatives, Apple Trade In and Finance Program

Cook highlighted the fact that all five geographies recorded overall growth even as the Company registered $26 billion in revenues. This was actually down 17% over last years June Q3 but a significant improvement over 17% on a year-on-year decline in Q2 2019.

Apple Net Sales by Catagory in Q3 2019From the above, it is clear that Apple iPhone net sales for Fiscal Q3 2019 stood at $25,986 million, which was $29,470 million compared to like Quarter ending June 30, 2018.

He went on to laud the initiatives taken by his Company that led to such a significant improvement in revenue and also highlighted growth in all five geographies.

Cook pointed out that Apple Trade In and Finance Program received strong customer response leading to improved iPhone sales trend in this Fiscal. Apple offers these programs on its range of iPhones, iPad, iMac, and other devices, from time to time. This program brings in new customers as well as helps them upgrade their old iPhones or other devices.

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Apple Active Installed Base Reaches New High Driven by Retail, Online Stores, and Loyalty

Apple during the Fiscal Q3 2019, and earlier too, had resorted to the promotion of its products and in particular, iPhones through the retail and online store, which also helped pick sales in the Q3.

Tim further added, “Active installed base of iPhones reached all-time high and was up y-o-y growth in each of their top 20 markets in June 2019, underscoring the quality of our products, customer satisfaction, and loyalty.”

Coming from the Apple CEO’s mouth, the last part of the above quote speaks a lot for its customers and fans whose esteem is held high by Apple Mangement. This is simply great. Do you agree?

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Suraj Padmasali
Suraj is a digital marketing expert on the iGB's team. He contributes to the social media section along with tips and tricks for iPhone, Apple Watch. Apart from blogging, he likes to work out as much as he can in his gym and love to listening to retro music.
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