Apple shares in electronic trading after the close of the primary trading session in the USA has risen by 2% amid record statements for the past fiscal year and quarter, according to the auction.
Wednesday, Apple reported revenue growth for the fourth quarter of 2018-2019 financial year (ended 28 September) by 2% in annual terms — to 64.04 billion dollars. While international sales represented 60% of the quarterly revenues. Diluted earnings per share for the quarter amounted to 3.03 2.91 dollar against the us dollar in the previous quarter. The net profit decreased by 3% to 13,686 billion dollars.
The indicators have surpassed forecasts of analysts, who had forecast the earnings per share level of $ 2.83 and revenue — 62,94 billion dollars.
The company noted that earnings per share was a record for the fourth quarter. CEO Tim cook also said that Apple “made the 2018-2019 financial with the highest revenues for the fourth quarter in the company’s history by accelerating the growth of revenues from services sales of wearable devices and the iPad.”
By the end of the 2018-2019 fiscal year, Apple’s net profit decreased by 7% to $ 55,256 billion dollars. Diluted earnings per share for the year amounted to 11.89 dollar against last year 11.91 USD. Revenue decreased by 2% and amounted to 260,174 billion dollars.
The company predicts that revenue in the first quarter of the 2019-2020 financial year will be from of 85.5 to 89.5 billion.
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