Notes of interest from Apple’s Q4 2019 earnings report and conference call


Following the publication of its final fiscal quarter of 2019 results, encompassing July through September, Apple provided additional detail surrounding the particulars of the report during an hour-long conference call.

Apple CEO Tim Cook and CFO Luca Maestri

Apple CEO Tim Cook and CFO Luca Maestri

The numbers:

Apple’s fourth fiscal quarter earnings

Apple reported revenue of $64 billion, with a profit of $13.69 billion. Specifically, $33.36 billion came from the iPhone, $6.99 billion came from the Mac, and $4.66 billion came from the iPad. Apple also reported $12.5 billion in services revenue, with an additional $6.52 billion coming from accessories, home, and wearables.

“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad,” Apple CEO Tim Cook said 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.”

2019 Q4 Apple quarterly revenue and net profit

2019 Q4 Apple quarterly revenue and net profit

Participating in Thursday’s call were Apple Chief Executive Tim Cook and Chief Financial Officer Luca Maestri.

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Highlights from the earnings report, and the conference call

  • Apple is predicting revenue in the holiday quarter of between $85.5 billion and $89.5 billion
  • Gross margin for the first fiscal quarter of 2020 is expected to be between 375% and 38.5%
  • Apple executed $18 billion in share repurchases, and doled out $3.5 billion in dividends

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