Apple Reports $64 Billion Q4 2019 Revenue from Services, Wearables, and iPad

Apple announced today the financial results for fiscal 2019 fourth quarter, which ended on September 28, reporting the quarterly revenue from iPad, services, and wearables sales.

For Q4 2019, Apple reports a quarterly revenue of $64 billion, representing an increase of two percent from the year-ago quarter, as well as quarterly earnings per diluted share of $$3.03, which are also up with four percent compared to the prior year. The tech giant also says that 60 percent of the revenue for Q4 2019 are accounted from International sales, which were driven by the accelerated growth from Services, Wearables, and iPad.

“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 predictions for Q1 2020

For the fiscal 2020 first quarter, Apple predicts a revenue between $85.5 billion and $89.5 billion with a gross margin between 37.5 percent and 38.5 percent, as well as operating expenses between $9.6 billion and $9.8 billion, other income/(expense) of $200 million, and a tax rate of approximately 16.5 percent. Hopefully, the new iPhone 11 models and AirPods Pro true wireless earbuds will contribute to these predictions now that the holiday season is knocking at the door.

The board of directors also declared a cash dividend of $0.77 per share of the Apple’s common stock, which is payable to shareholders on November 14, 2019. The company is currently holding a live press conference of its Q4 2019 financial results. Those interested can listen to the conference call beginning at 2:00 p.m. PDT on October 30, 2019, at www.apple.com/investor/earnings-call/. The webcast will be available for replay approximately two weeks from today.