While iPhone sales saw a decline of about 9.2% between Q3FY19 and Q3FY18*, Apple's total revenue saw a 1.8% increase to $64 billion in the same duration. One of the biggest reasons for increase in revenue was growth in sales of wearables, services and iPads, the company’s senior vice president and CFO Luca Maestri said during a call with investors. However, the company’s profit fell from about $14.1 billion in Q3FY18 to $13.7 billion this quarter. Operational figures Products revenue was $51.5 billion, down 1.5% from Q3FY18, mainly due to decline in iPhone sales. iPhone sales were $33.3 billion, as compared to $36.7 billion in Q3FY18. CEO Tim Cook said, “This 9% decline over last year is a significant improvement over the 15% decline we saw across the first three quarters”. Mac and MacBooks also saw a 4.8% decrease to about $7 billion this quarter. Despite this, Cook said that Apple generated an all-time revenue record for Mac in the US and India. iPad sales grew to $4.7 billion this quarter from $4 billion in Q3FY18. Sales of wearables such as the Apple Watch, Home and accessories, such as the AirPods, grew at about 54.4% YoY to $6.5 billion. Apple earned almost the same revenue from wearables, home and accessories as it did from its computers and laptops. Revenue from services such as Apple Store, Card, iCloud, Apple Pay, etc., grew 18% to $12.5 billion, "up over $1.9 billion year-over-year and almost $1.1 billion sequentially". Cook said: For Apple Pay,…
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