Apple has reported quarterly revenue of $62.9 billion, up 20% over last year with a net profit of $14.1 billion, up 32% YoY or earnings per share of $2.91, an increase of 41% over last year in their earnings for the financial year Q4 2018 that ended September 29, 2018. During earnings call Tim Cook said that the company produced record results from iPhone, services, and wearables that drove our momentum and it produced strong double-digit revenue growth in all of the geographic segments. iPhone revenue grew 29% with growth of more than 20% in every geographic segment. iPhone ASP was $793 compared to $618 a year ago, driven by strong performance of iPhone X, 8 and 8 Plus, as well as the successful launch of iPhone XS and XS Max in the September quarter Services was best quarter ever in total and virtually in every market around the world, with revenue of $10 billion. Services growth in Q4 this year was 27%. Sevices sector also reached new all-time quarterly revenue records for many services categories, and will achieve goal to double our fiscal 2016 services revenue by 2020. There are now 330 million paid subscriptions on Apple platform, an increase of ...
Friday, 2 November 2018
Apple reports $14.1 billion profit on $62.9 billion revenue in FY Q4 2018, will stop reporting iPhone, iPad and Mac unit sales
Apple has reported quarterly revenue of $62.9 billion, up 20% over last year with a net profit of $14.1 billion, up 32% YoY or earnings per share of $2.91, an increase of 41% over last year in their earnings for the financial year Q4 2018 that ended September 29, 2018. During earnings call Tim Cook said that the company produced record results from iPhone, services, and wearables that drove our momentum and it produced strong double-digit revenue growth in all of the geographic segments. iPhone revenue grew 29% with growth of more than 20% in every geographic segment. iPhone ASP was $793 compared to $618 a year ago, driven by strong performance of iPhone X, 8 and 8 Plus, as well as the successful launch of iPhone XS and XS Max in the September quarter Services was best quarter ever in total and virtually in every market around the world, with revenue of $10 billion. Services growth in Q4 this year was 27%. Sevices sector also reached new all-time quarterly revenue records for many services categories, and will achieve goal to double our fiscal 2016 services revenue by 2020. There are now 330 million paid subscriptions on Apple platform, an increase of ...
