Faizel Patel, Radio Islam News – 03-05-2019

(Twitter: @FaizelPatel143)

Apple has announced a quarterly revenue of $58 billion for its fiscal 2019 second quarter, a decline of 5 percent from the year-ago with International sales accounting for 61 percent of the quarter’s revenue.

CEO Tim Cook says the March quarter results show the continued strength of the company’s over 1.4 billion active devices, an all-time record for Services, the strong momentum of Wearables and Home and Accessories category, which also set a new March quarter record.

“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.”

Reflecting the approved increase, Apple’s board of directors has declared a cash dividend of $0.77 per share of the Company’s common stock, an increase of 5 percent.