apple q3 earnings iphone sales down apple watch on the rise apple card launches next month

On Tuesday, Apple released its Q3 earnings report with a quarterly revenue of $53.8 billion, just a 1% hike over the same quarter of 2018. This has been Apple’s most successful June quarter yet, as per the company. While services revenue has reached an all-time high, a significant boost of wearables revenue also factored into this quarter’s success.

Although overall sales have increased in the US to $25.1 billion (up from $24.5b in Q3 2018), Apple has seen revenues drop in China ($9.2b vs. $9.6b in Q3 2018) and Europe ($11.9b vs. $12.1b in Q3 2018) as a result of increased competition….