Apple brought in $62.9 billion in revenue for the fourth quarter of the fiscal year 2018, the company announced on Tuesday, with earnings-per-share of $2.91 growing year-on-year.
“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history,” said Apple CEO Tim Cook.
The Cupertino firm sold 46.9 million iPhones during the quarter. Analysts had predicted Apple would sell around 47.5 million iPhones in the fourth quarter. The average selling price (ASP) of an iPhone is $793, up from the $617.99 ASP one year ago.
iPad sales for the quarter measured in at $4.1 billion in revenue, down from same quarter sales last year of $4.8 billion. Unit sales were 9.7 million versus 10.3 million units in the same period last year. Analysts had predicted an average of around 10.5 million units shipped.
Mac revenue for the quarter improved from a year ago, with sales of $7.4 billion for the quarter, versus the year-ago quarter’s $7.2 billion. Sales of 5.3 million Mac units are down slightly from the 5.4 million sold last year.
Services revenue was up $1.5 billion year-over-year, contributing $10 billion in revenue, compared to the $8.5 billion for the period in 2017.
Apple is providing the following guidance for its fiscal 2019 first quarter:
- Revenue between $89 billion and $93 billion
- Gross margin between 38 percent and 38.5 percent
- Operating expenses between $8.7 billion and $8.8 billion
- Other income/(expense) of $300 million
- Tax rate of approximately 16.5 percent before discrete items
Apple’s board of directors has declared a cash dividend of $0.73 per share of the Company’s common stock. The dividend is payable on November 15, 2018 to shareholders of record as of the close of business on November 12, 2018.
