Apple reports Q4 results, services revenue reaches all-time high of USD 12.5 billion
EPS Sets New Fourth Quarter Record of USD 3.03
Apple today announced financial results for its fiscal 2019 fourth quarter ended September 28, 2019. The Company posted quarterly revenue of USD 64 billion, an increase of 2 per cent from the year-ago quarter, and quarterly earnings per diluted share of USD 3.03, up 4 per cent. International sales accounted for 60 per cent of the quarter’s revenue.
“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
“Our strong business performance drove record Q4 EPS of USD 3.03 and record Q4 operating cash flow of USD 19.9 billion,” said Luca Maestri, Apple’s CFO. “We also returned over USD 21 billion to shareholders, including almost USD 18 billion in share repurchases and USD 3.5 billion in dividends and equivalents, as we continue on our path to reaching a net cash neutral position over time.”
Apple is providing the following guidance for it's fiscal 2020 first quarter:
- revenue between USD 85.5 billion and USD 89.5 billion
- gross margin between 37.5 per cent and 38.5 per cent
- operating expenses between USD 9.6 billion and USD 9.8 billion
- other income/(expense) of USD 200 million
- tax rate of approximately 16.5 per cent
Apple’s board of directors has declared a cash dividend of USD 0.77 per share of the Company’s common stock. The dividend is payable on November 14, 2019 to shareholders of record as of the close of business on November 11, 2019.
Apple will provide live streaming of its Q4 2019 financial results conference call beginning at 2:00 p.m. PDT on October 30, 2019 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
Apple periodically provides information for investors on its corporate website, apple.com, and its investors relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance and details related to its annual meeting of shareholders.
