Apple (AAPL - Get Report) reported a solid June quarter on Tuesday after the close that featured healthy beats of both earnings and revenue estimates and strength across almost all of its business segments. iPhone results disappointed slightly, however.
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The tech giant reported earnings per share of $2.18 on sales of $53.8 billion, compared to consensus estimates of $2.09 and sales of $53.3 billion, according to FactSet. iPhone revenue fell 12% year over year to $25.99 billion, falling a little short of a consensus of $26.31 billion.
Shares were rising 4.6% to $218.17 in after-hours trading.
"This was our biggest June quarter ever -- driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends," said Tim Cook, Apple's CEO, in a press release. "These results are promising across all our geographic segments, and we're confident about what's ahead.
Cook noted that Apple will have major launches on its platforms, new services and debut new products in the balance of 2019.
Apple also gave guidance for the September quarter of revenue of $61 billion to $64 billion, above a $60.9 billion consensus.
The company said it spent $17 billion to buy back nearly 88 million shares last quarter, helping boost earnings per share. Those buybacks reduced Apple's share count for the quarter to 4.6 billion, down from 4.7 billion in the March quarter and 4.93 billion in the year-ago quarter.
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