Apple's fourth fiscal quarter revenue reached $114.48 billion, exceeding market expectations.
1 hours ago
Apple’s fourth fiscal quarter revenue reached $114.48 billion, up 12% year-over-year, exceeding the consensus estimate of $113.47 billion. iPhone revenue hit $57.58 billion, growing 17% YoY, against an estimate of $56.49 billion. Mac revenue came in at $10.79 billion, up 24% YoY, versus an estimate of $9.7 billion. iPad revenue totaled $6.23 billion, down 10% YoY, missing the forecast of $6.89 billion. Revenue from wearables, home products and accessories was $8.3 billion, down 7.9% YoY, against an estimate of $9 billion. Services revenue reached $31.57 billion, growing 9.8% YoY, matching the estimate of $31.58 billion. Greater China revenue stood at $17.54 billion, up 21% YoY, missing the forecast of $18.75 billion. Europe revenue was $32.01 billion, up 12% YoY, beating the estimate of $30.21 billion. Earnings per share (EPS) came to $2.10, compared with $1.85 in the year-ago period, against an estimate of $2.00. Cash and cash equivalents totaled $36.31 billion, up 1% YoY, missing the forecast of $46.79 billion. Apple’s CFO noted that the company expects total revenue growth of 7% to 10% for its first fiscal quarter. According to data from BIT Stock Platform, Apple closed down 1.83% in regular trading, and dropped an additional 2.5% in after-hours trading.
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