Apple has just revealed its financial results for the fiscal fourth quarter 2018, completed on September 29, therefore, it already picks up the beginning of sales of the iPhones XS and XS Max.
The company anticipated revenues of US $ 60-62 billion, and closed the period just above that, with $ 62.9 billion an increase of 20% in relation to the fourth fiscal quarter of 2017. The net profit was $ 14.1 billion (+ 32%) and earnings per diluted, of $ 2.91 (+ 41%). International sales comprised 61% of all quarterly billing.
Here are the numbers by segments:
- iPhone: 46.9 million units (0%), $ 37.2 billion (+ 29%)
- iPad: 9.7 million units (-6%), $ 4.1 billion (-15%)
- Mac: 5.3 million units (-2%), $ 7.4 billion (+ 3%)
- Services: $ 10 billion (+ 17%)
- Others: $ 4.2 billion (+ 31%)
The highlight is certainly the fact that the Services category has reached the historic mark of US $ 10 billion, still maintaining strong annual growth. iPhones have been stagnant in number of units sold, but have skyrocketed in revenue due to rising prices on the line.
Apple ended its fiscal year 2018 with revenue of $ 265.6 billion and net profit of $ 59.5 billion, with diluted earnings of $ 11.91. It now has $ 365.7 billion in cash.
Here is the statement by the executive director (CEO) Tim Cook:
We are happy to announce another record-breaking quarter that closes a tremendous fiscal 2018, the year we dispatched our 2,000,000,000 iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple's history. Over the past 12 months, we have delivered great advances to our consumers through new versions of the iPhone, Apple Watch, iPad and Mac, in addition to our four operating systems, and we have entered the holiday season with the product line and strongest services of all.
And that of the CFO Luca Maestri:
We concluded a record year with our best September quarter in history, growing two digits in each geographic segment. We recorded record revenue in September for the iPhone and Wearables, and historical quarterly records for Services and Mac. We generated $ 19.5 billion in operating cash flow and returned more than $ 23 billion to shareholders in dividends and share buybacks in the quarter September, bringing the total capital returned in fiscal 2018 to nearly $ 90 billion.
Looking forward to the fiscal first quarter 2019, Apple predicts revenue of $ 89-93 billion, gross margin between 38% and 38.5%, operating expenses between $ 8.7 and $ 8.8 billion, other revenues / (expenses) of $ 300 million and a tax rate of approximately 16.5%.
Apple's board of directors declared a cash dividend of $ 0.73 per company share, payable on November 15, 2018 to all shareholders registered at the end of business on November 12, 2018.
In a little while, starting at 6 pm, Apple will hold an audio conference to talk about these numbers and answer questions from the press. Afterwards, we will do a complete coverage with the highlights of what to roll over here in MacMagazine.
Update 11/01/2018 s 17:51
Wall Street's initial reaction, for a change, was not very positive. A $ AAPL, which closed the day up 1.54% (quoted at $ 222.22 which cute), is now plummeting about 4% in NASDAQ post-closing negotiations.
Apparently, the drop has more to do with the forecast for the first fiscal quarter of 2019 than with the results of the last quarter. Even at $ 89-93 billion, Apple beat the historic record of $ 88.3 billion in the first fiscal quarter of 2018, however, some analysts had expected something closer to $ 100 billion.
Update II 11/01/2018 s 18:59
The $ AAPL plummeted to almost 7%, spurred also by the fact that, at its financial conference, Apple announced that from the next quarter onwards it will no longer disclose sales by iPhones, iPads and Macs.