In three weeks, Apple will announce the results of the third quarter of fiscal 2019. Recall that it coincides with the second calendar quarter of this year. In the meantime, analysts are making their preliminary predictions about how successful the quarter will be for Apple.
It is worth noting that in Cupertino do not expect from a quarter of high profits. As practice shows, the third quarter is usually the “weakest” for the company, as many users do not buy new devices, preferring to wait until the fall.
At the same time, analysts of the independent investment company Evercore ISI, predict the growth of revenue from various branded services. Experts note that in the second quarter of 2019, services brought Apple about 20% of total quarterly revenue. In the third quarter, this figure may increase even more.
At the moment, the main “service” for Apple is the App Store. It brings the company the most profit. In particular, by the end of 2018, the App Store provided Coopertinoov s$ 37.1 billion in revenue. Evercore analyst Amit Daryanani expects the App Store’s total revenue to grow by 18% in the third quarter.
