Reports Q4 $3.03 v $2.84e, Rev $64B v $62.7Be
- Guides Q1 Rev $85.5-89.5B v $86.2Be, gross margin 37.5-38.5%; op-ex $9.6-9.8B; tax rate ~16.5%
- Gross margin 38% v 38% y/y (calculated)
- Services gross margin 64.1% v 61.1% y/y (calculated)
- iPhone Rev $33.4B v $36.8B y/y
- iPad Rev $4.7B v $4.0B y/y
- Services Rev $12.5B v $10.6B y/y
- Greater China Rev $11.1B v $11.4B y/y (v $9.2B q/q)
- Wearables, Home & Accessories ('other') products revenue $6.5B v $4.2B y/y (includes sales of Apple TV, Apple Watch, Beats Electronics, iPod and Apple-branded and third-party accessories)
- CEO: “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.”
“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.”