Apple announced its fiscal Q4 earnings. Financial analysts had been expecting $51.04 billion in revenues and earnings per share (EPS) of $1.88. Apple beat both sets of expectations with $51.5 billion in revenue and $1.96 EPS.
The company said it had net profit of $11.1 billion. Gross margins were 39.9 percent versus expectations of 39.3 percent. Apple said its record fiscal Q4 revenues were fueled by iPhone, Mac and Apple Watch sales. The company’s shares are up in after-hours trading.
Here are the device numbers, also reflected above:
- iPhone: 48.04 million units; $32.2 billion in revenue
- iPad: 9.8 million units; $4.27 billion
- Mac: 5.7 million units; $6.88 billion
- Services: $5.08 billion
- Other (including Apple Watch): $3.04 billion
The Mac outperformed expectations while both the iPhone and iPad came in somewhat under analyst consensus estimates. Greater China was down sequentially but almost double a year ago. All other regions were up.
Notes from the earnings call:
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