Apple Fourth Quarter EVER!
PING!
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Posted on 10/30/2019 1:59:46 PM PDT by Swordmaker
Apple today announced financial results for its fiscal 2019 fourth quarter ended September 28, 2019. The Company posted quarterly revenue of $64 billion, an increase of 2 percent from the year-ago quarter, and quarterly earnings per diluted share of $3.03, up 4 percent. International sales accounted for 60 percent 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, in a statement. “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.”
“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, in a statement. “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.”
Q419 net sales by category:
• iPhone: $33.362 billion
• Services: $12.511 billion
• Wearables, Home and Accessories: $6.520 billion
• iPad: $4.656 billion
Apple is providing the following guidance for its fiscal 2020 first quarter:
• revenue between $85.5 billion and $89.5 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $9.6 billion and $9.8 billion
• other income/(expense) of $200 million
• tax rate of approximately 16.5 percent
Prior to Apple’s earnings report, the Refinitiv consensus estimates were:
• Earnings per share: $2.84 (vs. $3.30 actual)
• Revenue: $62.99 billion (vs. $64 billion actual)
• iPhone revenue: $32.42 billion (vs. $33.362 billion actual)
• Services revenue: $12.15 billion (vs. $12.511 billion actual)
• Q1 revenue guidance: $86.92 billion (vs. $85.5 billion to $89.5 billion actual vs. $84.3 billion YOY)
Apple’s board of directors has declared a cash dividend of $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.
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“Apple destroys Street with highest Q4 revenue ever”
Almost back to Monday’s high.
Net income dropped to $13.7 billion from $14.1 billion.
Apple did not ‘destroy’ anything. They did just a bit better than forecast. Stock is up only 1.75% after hours.
Monday’s all time interday high was 249.23.
AAPL after hours at 17:32 — 247.80
Getting there. . .
The best Street beat on revenue was $1 Billion lower. And their results were 16% higher than the average Street predictions, and better than all of the Street’s expectations. So, yeah, they did.
Now, where the hell did I put that Apple stock I bought back in the early 90’s.... I know it’s around here somewhere... probably worth something by now...
About six month ago I was talking with a “banker” at my bank who was trying to sell me something. I told him I managed my own investments and mentioned ‘Apple’. His eyes got real big, but I had to tell him that I got in $90—not at $7. Wish I had dabbled a bit sooner, though.
Good news. “We also returned over $21 billion to shareholders.” Wow. I regret not buying a stock in Apple in 1990. Dagnabbit.
Apple’s Space Ship near San Jose is impressive. Google just purchased several square miles of real estate near San Bruno. The housing prices in the Bay Area are just crazy and super high.
A billion is a thousand million. Tough to imagine having that much money.
Wow! It wasn't that long ago that the total worth of Apple was less than 1 billion. Amazing growth.
Looks like the Apple-haters just got a kick to the stomach tonight.
.
Total worth of Apple: Now $750,000,000,000
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