On November 2nd, Apple released its fourth-quarter results for FY 2018 in the early hours of the morning. Data showed that Apple’s fourth-quarter revenue was $62.90 billion, up 20% from $52.279 billion in the same period last year, and net profit was $14.125 billion, up 32% from $10.714 billion in the same period last year.
Subsequently, when Apple released its outlook for the first fiscal quarter of FY 2019, due to less than expected, Apple’s share price fell more than 4% after the market, and the market value fell below 1 trillion US dollars.
For Apple’s fourth-quarter performance, Apple CEO Tim Cook is very satisfied, saying that “our fourth-quarter results once again achieved a record-breaking performance, and painted an excellent end to the 2018 fiscal year. Over the course of a year, iOS devices shipped 2 billion, and the App Store app store celebrated its 10th anniversary with the most powerful revenue and profit in Apple’s history. In the past two months, We’ve made tremendous improvements to our users, with new iPhones , Apple Watches, iPads and Macs, and four operating systems. We have the most powerful combination of products and services ever since we entered the holiday shopping season.”
Apple’s fourth quarter main results :
In the fourth quarter ended September 30, 2018, Apple’s net profit was $14.125 billion, a 32% increase over the same period last year; diluted earnings per share were $2.91, an increase of 41% over the same period last year. In the fourth fiscal quarter of fiscal 2017, Apple’s net profit was $10.714 billion, and diluted earnings per share were $2.07.
Apple’s fourth-quarter operating profit was $16.18 billion, up from $13.12 billion in the same period last year.
Apple’s fourth-quarter revenue was $62.90 billion, up 20% from $52.279 billion in the same period last year, with international sales accounting for 61%.
Apple’s fourth-quarter earnings per share and revenue exceeded Wall Street analysts’ previous expectations. According to statistics from Yahoo Finance, 34 analysts had expected Apple’s fourth-quarter earnings per share to be $2.78, and 32 analysts expected Apple’s fourth-quarter revenue to be $61.57 billion.
Product sales :
Apple sold 46.889 million iPhones in the fourth quarter, which was basically the same as the 46.677 million in the same period last year; a total of 9.69 million iPads were sold, down 6% from 10.326 million in the same period last year; a total of 5.299 million sold The Mac, which is 2% lower than the 5.386 million units in the same period last year.
Revenue from the iPhone was $37.185 billion, up 29% from $28.846 billion in the same period last year;
Revenue from the iPad was $4.089 billion, down 15% from $4.831 billion in the same period last year;
Revenue from the Mac was $7.411 billion, up 3% from $7.170 billion in the same period last year;
Revenue from services was $9.981 billion, an increase of 17% from $8.501 billion in the same period last year;
Revenue from other products was $4.234 billion, an increase of 31% from $3.231 billion in the same period last year.
But this will be Apple’s last announcement of product sales. Apple said that from the next quarter, the company will no longer publish personal sales data for iPhone, iPad and Mac, and the three main product lines will be included in the revenue data of a report.
By region :
Apple’s fourth-quarter revenue in the Americas division was $27.517 billion, up 19% from $23.99 billion in the same period last year;
European revenues were $15.382 billion, an increase of 18% from $13.090 billion in the same period last year;
Greater China revenue was $11.411 billion, up 16% from $9.801 billion in the same period last year;
Japanese department revenue was 5.161 billion US dollars, up 34% from 3.858 billion US dollars in the same period last year;
Revenues in other parts of the Asia Pacific region were $3.429 billion, an increase of 22% from $2.812 billion in the same period last year.
Apple’s performance is not as good as earlier Wall Street evaluation
Apple made the following expectations for the first quarter of fiscal year 2019: revenues of $89 billion to $93 billion, a median revenue expectation range of $91 billion; gross margins of 38% to 38.5%; operating expenses It is 8.7 billion to 8.8 billion; other income is 300 million; the tax rate is about 16.5%.
Apple’s share price was affected because Apple’s expected median revenue was less than the overdue Wall Street. According to Yahoo Finance statistics, 31 analysts on average expected Apple’s first fiscal quarter of 2019 fiscal revenue will reach $ 92.91 billion.
Capital return plan :
Apple’s board of directors announced that it will distribute a cash dividend of $0.73 per share to the company’s common stockholders, which will be paid on November 15, 2018 to registered shareholders who ended their business on November 12, 2018.
Stock price changes :
On the same day, Apple’s share price rose 3.36 US dollars in the Nasdaq regular trading, to close at 222.22 US dollars, or 1.54%. In subsequent after-hours trading, Apple’s share price fell 9.42 US dollars to 212.80 US dollars, a decrease of 4.24%. In the past 52 weeks, Apple’s highest price was $233.47 and the lowest price was $150.24.