Apple has just published its financial results for Q4 2019. The company posted revenue of $64 billion. Apple CEO Tim Cook said:
“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.”
Estimates and Expectations for Q4 2019 and the Year-Ago Quarter (Q4 2018)
Apple’s revenue guidance for Q4 2019 fell between $61 billion and $64 billion, with gross margin estimated to be between 37.5% and 38.5%.
Going into today’s earnings call, Marketwatch says:
Analysts surveyed by FactSet see the company posting revenue of $63 billion, nearly flat from $62.9 billion a year ago. The report will cap off a fiscal year in which Apple’s earnings and revenue are both expected to decline from a year earlier, which has happened at Apple only once since 2001.
In the year-ago quarter (Q4 2018), Apple earned $62.9 billion in revenue. During that quarter Apple sold 46.9 million iPhones, 9.7 million iPads, and 5.3 million Macs. As announced on Apple’s Q4 2018 earnings call, however, the company no longer reports unit sales for any of its products.