Moscow, November 2 — “Conduct. The economy is” Apple’s Revenue in the fourth fiscal quarter exceeded expectations of experts, the number of smartphones sold has not changed, but the proceeds from their sales increased by 29%.
Apple today announced financial results for the fourth quarter of 2018 fiscal year ending September 29, 2018 the company’s Revenue for the quarter amounted to $62.9 billion, up 20 percent from a year earlier, and net income was $14,12 billion, or $per share of 2.91, showing growth of 41%. Analyst polled by Reuters forecasted revenues of $61.5 billion and profits of about $2,79 per share. International sales accounted for 61 percent of the quarter’s revenue.
Excluding a one-off adjustment in the amount of $640 million, which was recorded in the fourth quarter of 2017 financial year, the profitability of services (Commission of the applications and games in the App Store, subscribe to iCloud, Apple Music, etc.) increased from $7.9 billion in the fourth quarter of fiscal year 2017 to $10 billion in the fourth quarter of fiscal year 2018, an increase of 27%.
From Mac sales, the company received $7,41 billion, the iPhone has brought Apple $37,18 billion, iPad — $4,09 billion, other products — $4,32 billion, the Number of iPhone sold during the fourth quarter of this year, while the revenue from their sales increased by 29% and their average price was $793. Sales of the iPad and Mac units fell 6% and 2% respectively year-on-year.
“We are pleased to announce another record quarter final incredible 2018 financial year. This year we put our two billionth iOS device, marked the tenth anniversary of the App Store and has reached the most serious indicators of profitability and stock value in the history of Apple, said Tim cook, Apple’s CEO. Only in the last two months we opened our buyers an incredibly progressive capabilities with new versions of iPhone, Apple Watch, iPad and Mac, as well as four new operating systems. We enter the festive season with our best products and services in history.”
“We finish this record year, the best performance of the fourth quarter ever, with double-digit growth percentages in each geographic segment. We had a record income in the fourth quarter from the iPhone and wearable device, as well as a quarterly record in the history in the categories of services, and Mac — said Luca Maestri, CFO of Apple. In the fourth quarter, we generated $19.5 billion in cash flow from operations and returned $23 billion to our investors in the form of dividends and repurchase of shares, thus implementing the programme of return of capital in the amount of almost $90 billion for the 2018 fiscal year.”
For the period, the company managed to sell about 46,9 million iPhones, which was smaller than expectations. The experts polled by FactSet predicted that this figure will be at least 47.5 million devices. However, the average sale price of one iPhone is $793, and exceeded the expectations of analysts from FactSet ($of 750.8). This is due, in particular, the release of new, more expensive smartphone.
The share value of Apple after the publication of the report initially fell by 4.3% to $212,46 for the security. According to CNBC, investors were dissatisfied with weaker than anticipated iPhone sales and poor economic forecasts of the company for the first financial quarter.
Predictions of Apple for the first quarter of 2019 fiscal year:
— Income from $89 billion to $93 billion
— Gross quarterly profit at the level of 38 percent to 38.5 percent.
— Operating expenses to be between $8.7 billion to $8.8 billion
— Other income/ (expense) of $300 million
— Tax deductions in the amount of 16.5 percent
Apple’s Board of Directors has declared a cash dividend of $0.73 per share. The dividend will be paid on November 15, 2018, to shareholders at the time of closing of the register at the end of the day on November 12, 2018.
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