Apple Releases Quarterly Earnings for Q4 2019

On October 30th, 2019, a day before Halloween and 2 days after the announcement of the AirPods Pro, Apple announces the quarterly earnings report for the fiscal Q4, which ended on September 28th. The overall quarterly revenue turned out to be $64 billion, which is a 2% difference from Q4 2018. Quarterly earnings per diluted share are at $3.03, which is up by 4%. In addition, international sales turned out to be 60% of this quarter’s revenue.

First, the revenue for this quarter is the biggest ever, with most of it, surpassed by the growth of Apple Watch, Services and iPad sales revenue. Tim Cook says that:
“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-canceling 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.”
Cook says that these factors influenced the company to have a vastly larger quarterly revenue. He also expected that the holiday quarter should be going the same as Q4, as these new Apple product releases are an integral part of boosting the revenue this holiday season.

Luca Maestri, Apple’s CFO, states how the business performance went during Q4 2019. He says that,
“Our strong business performance drove record Q4 EPS of $3.03 and record Q4 operating cash flow of $19.9 billion,” said Luca Maestri, Apple’s CFO. “We also returned over $21 billion to shareholders, including almost $18 billion in share repurchases and $3.5 billion in dividends and equivalents, as we continue on our path to reaching a net cash neutral position over time.”
In conclusion, Apple’s expected guidance for the next 2020 quarter includes quarterly revenue between 85.5 to 89.5 billion dollars, gross revenue of 37.5 to 38.5 percent, operating expenses between $9.6 to $9.8 billion and other income revenue of $200 million. Taxes go for approximately 16.5 percent, with a cash dividend of $0.77 per share. Apple will pay off the dividends to shareholders on November 14th in lieu of the close of business on the 11th.

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