Apple Reports 4Q 2019 Results: $13.7B Profit on $64B Revenue

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Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2019.

For the quarter, Apple posted revenue of $64.0 billion and net quarterly profit of $13.7 billion, or $3.03 per diluted share, compared to revenue of $62.9 billion and net quarterly profit of $14.1 billion, or $2.91 per diluted share, in the year-ago quarter. Earnings per share set a new fourth quarter record, while services revenue set an all-time quarterly record.

Gross margin for the quarter was 38.0 percent, compared to 38.3 percent in the year-ago quarter, with international sales accounting for 60 percent of revenue. Apple also declared an upcoming dividend payment of $0.77 per share, payable November 14 to shareholders of record as of November 11.


This quarter marks a full year since Apple changed the way it reports its results, with the company no longer providing unit sales data for iPhone, iPad, and Mac. As a result, Apple is only providing revenue figures for its various segments, leaving analysts to estimate unit sales based on their own calculations

For the full fiscal year, Apple generated $260.2 billion in sales with $55.3 billion in net income, compared to $265.5 billion in sales and $59.5 billion in net income for fiscal 2018.
"We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad," said Tim Cook, Apple's CEO. "With customers and reviewers raving about the new generation of iPhones, today's debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we're very optimistic about what the holiday quarter has in store."
Apple's guidance for the first quarter of fiscal 2020 includes expected revenue of $85.5-89.5 billion and gross margin between 37.5 and 38.5 percent.


Apple will provide live streaming of its fiscal Q4 2019 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Apple's earnings call recap follows...


Click here to read rest of article...

Article Link: Apple Reports 4Q 2019 Results: $13.7B Profit on $64B Revenue
 
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Cosmosent

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Apr 20, 2016
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Did Cook mention what percentage of iPhone Sales Revenue comes from Sales of Traded-In iPhones ?
 
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Baymowe335

macrumors 603
Oct 6, 2017
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One reporter said she asked Cook about some misses they reported. Tim asked what misses she meant? She said Macs. Tim rolled his eyes and began laughing at her hysterically.
Tim is such a pimp. He's like, did you see the 17% iPad growth that is eventually going to replace Mac? Or the 51% wearables growth?
 

jlocker

macrumors 6502
Jun 20, 2011
415
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The Mac Sales will grow one the new Mac Pro tower comes out and people start replacing old machines. Think Apple is looking at growing any market segment they can. And a new Macbook Pro with a new keyboard will help. FYI Corvette Sales are only 11 percent of GM over all sales :)
 
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Spock

macrumors 68000
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Looking at the Mac on these charts, I’m reminded of how the Macintosh eventually pushed out the Apple II. I think iPadOS/iOS is going to eventually do the same to the Mac. History repeating itself.
 
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BuddyTronic

macrumors 65816
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Another dominant quarter from the best executing company on the planet.
  • Record Q4 revenue of $64B.
  • 18% services growth.
  • 51% wearables growth.
  • 17% iPad growth.

3 years ago in the conference call, Tim Cook said services would grow to represent 25% (or something to that effect). Has that come true already? Oh - it's really close at 20%

Tim Cook doesn't lie - he told shareholders what was happening and the story has not changed!

Well done Apple!
 

Baymowe335

macrumors 603
Oct 6, 2017
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3 years ago in the conference call, Tim Cook said services would grow to represent 25% (or something to that effect). Has that come true already? I think it has done so.

Tim Cook doesn't lie - he told shareholders what was happening and the story has not changed!

Well done Apple!
He said they were on track for Services to be a Fortune 100 company. Services now represent almost $50B annually in revenue, at over 60% margins.
 

Mr. Dee

macrumors 68020
Dec 4, 2003
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Apple pretty much prints money these days. It’s mindboggling this company was on the brink of bankruptcy over 20 years ago. I think if the US were the overhaul their currencies, Jobs should replace Benjamin Franklin on the 100, Harriet Tubman on 20, Martin Luther King on the 10.
 

Baymowe335

macrumors 603
Oct 6, 2017
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You forgot to mention the elephant in the room - another drop in iPhone sales.
9% versus 15% earlier? Even that is stabilizing. Everyone knows this. We've moved on. The growth in other areas more than made up for it, making it a record revenue quarter.

The reasons people like you haven't made money in Apple is because you're stuck in the past. Everyone knows iPhone sales have plateaued. The services growth of 18%, wearables of 51%, and iPad of 17% are taking the company forward.

But keep digging in your heels about iPhone...you're focused on the wrong thing in an attempt to be right.
- - Post merged: - -

You forgot to mention that they also missed in Mac Sales.
iPad growth of 17% more than made up for it. iPad is taking over Mac. $349M decline in Mac, increase of $673M in iPad. I'll take it and so will Apple.

Both models of Mac were updated last year, tough compare. Overall, Mac sales were up annually. You mad?
 

Peperino

macrumors 6502a
Nov 2, 2016
787
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Another dominant quarter from the best executing company on the planet.
  • Record Q4 revenue of $64B.
  • 18% services growth.
  • 51% wearables growth.
  • 17% iPad growth.
Best executing company??
Especially when talking about the Macbook line up... One of the worse products ever designed by Apple.
FYI Apple missed once again in the Mac Sales numbers. I wonder why...
 
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