Apple Reports 4Q 2018 Results: $14.1B Profit on $62.9B Revenue, 46.9M iPhones

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Nov 1, 2018.

  1. MacRumors macrumors bot

    MacRumors

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    Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2018.

    For the quarter, Apple posted revenue of $62.9 billion and net quarterly profit of $14.1 billion, or $2.91 per diluted share, compared to revenue of $52.6 billion and net quarterly profit of $10.7 billion, or $2.07 per diluted share, in the year-ago quarter. Revenue, profit, and EPS were all-time records for the September quarter.

    Gross margin for the quarter was 38.3 percent, compared to 37.9 percent in the year-ago quarter, with international sales accounting for 61 percent of revenue. Apple also declared an upcoming dividend payment of $0.73 per share, payable November 15 to shareholders of record as of November 12.

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    For the quarter, Apple sold 46.9 million iPhones, up slightly from 46.7 million in the year-ago quarter. iPad sales fell to 9.7 million from 10.3 million in the fourth quarter of 2017, while Mac sales dipped to 5.3 million from 5.4 million.

    For the full fiscal year, Apple generated $265.6 billion in sales with $59.5 billion in net income, up from $229.2 billion in sales and $48.4 billion in net income for fiscal 2017. Both figures are also all-time company records, exceeding standards of $233.7 billion in sales and $53.4 billion in net income set in fiscal 2015.
    Apple's guidance for the first quarter of fiscal 2019 includes expected revenue of $89-93 billion and gross margin between 38 and 38.5 percent.

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    Apple will provide live streaming of its fiscal Q4 2018 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

    Conference call recap ahead...


    Click here to read rest of article...

    Article Link: Apple Reports 4Q 2018 Results: $14.1B Profit on $62.9B Revenue, 46.9M iPhones
     
  2. Mobster1983 macrumors 6502a

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    Amazing. Now do something worthwhile with all that profit.
     
  3. bchery21 macrumors 6502a

    bchery21

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  4. sjinsjca macrumors 68020

    sjinsjca

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    #5
    A company's owners--its shareholders--define "something worthwhile with all that profit" as "making more profit." They're doing that pretty well, it seems.
     
  5. macduke macrumors G3

    macduke

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  6. justperry macrumors G3

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    #7
    $62.9 billion revenue, that's ~$10 for each and every individual living on this planet.

    Wow, just....wow.
     
  7. LEFT ARROW Suspended

    LEFT ARROW

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    #8
    I think AirPods are in that category, and I am seeing an increasing number of them out in the wild. I wonder what else is in that category besides the AirPods and iPods (remember those little guys? lol)
     
  8. SoyCapitanSoyCapitan macrumors 601

    SoyCapitanSoyCapitan

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    Incredible. Will easily be the first $2 trillion cap company too.
     
  9. stylinexpat macrumors 65816

    stylinexpat

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    They basically netted about 25% after all expenses. Assuming they sold $100 they had $75 in expenses. I reckon that all the items of which they retail are cost X4. This is excluding iCloud and iTunes. Product cost being under 25% means another 50% are expenses before netting 25%. (Take or give).
     
  10. AngerDanger macrumors 68040

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  11. now i see it macrumors 68030

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    #12
    46.9 million iPhones costing $100 more than last year's model = an additional $4,690,000,000. ($4.6B)
    Just from raising prices.

    We should all pat ourselves on the back for helping Apple get richer.
     
  12. tkermit macrumors 68040

    tkermit

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    #13
    In other words: iPhone sales basically flat. Mac sales down. iPad sales down.
     
  13. Rogifan macrumors Core

    Rogifan

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    Stock down due to holiday guidance weaker than Wall Street expected. Will be curious to hear what Tim says on the call.

    Ben Bajarin (@BenBajarin) 11/1/18, 3:37 PM
    Apple’s guidance of 89-93 B for next quarter seems a bit weaker than most thought. Seems like a big holiday quarter for them coming so will be curious to see their explanation on the call.
     
  14. 69Mustang, Nov 1, 2018
    Last edited: Nov 1, 2018

    69Mustang macrumors 603

    69Mustang

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    #15
    Apple's "Other Products" category, includes the Apple TV, Apple Watch, Beats products, iPod, and Apple-branded and third-party accessories.
    edit: Homepod too.☺ Thanks for reminding me @citysnaps
    But not AirPower.:D:p
     
  15. stylinexpat macrumors 65816

    stylinexpat

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  16. imlynxy macrumors 65816

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  17. nutmac macrumors 68040

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    #18
    Next quarter will be more revealing as XR and holiday will factor in to sale. I am guessing mostly unremarkable growth. Although larger phones are probably more popular, there's still a good deal of people that prefers a smaller phone but doesn't want to spend $1000 for XS.
     
  18. tromboneaholic Suspended

    tromboneaholic

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    #19
    I think consensus was 92.9 B, so it's not like it's way off, but this will affect AAPL price for a bit.
     
  19. thelookingglass macrumors 68000

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    #20
    People can say what they want, but these are unbelievable results.
     
  20. onsa macrumors newbie

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    #21
    Western society has been Carefully driven to be Constantly online, thus iPhones are Essential.... imagine if the gov had never released the Internet on us... where would Apple be??
     
  21. Jimx26 macrumors member

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    #22
    Just goes to show the price increases meant nothing. People will still buy their products in their droves.
     
  22. robbyx Suspended

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    #23
    You forgot prices up.
     
  23. 69Mustang macrumors 603

    69Mustang

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    #24
    All true, but Tim has his shiny new penny to bolster the numbers: Services. He said services would be key for sustainable growth. Anything that lessens the dependency on iPhone sales AND still drives revenue is a good thing for Apple.
     
  24. edenwaith macrumors 6502a

    edenwaith

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    #25
    I also imagine that some of their software offerings like Logic and Final Cut would also fall under that category.
     

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