CUPERTINO, California — 1 November, 2018 — Apple today announced financial results for its fiscal 2018 fourth quarter ended 29 September, 2018. The Company posted quarterly revenue of US$62.9 billion, an increase of 20 per cent from the year-ago quarter, and quarterly earnings per diluted share of US$2.91, up 41 per cent International sales accounted for 61 per cent of the quarter’s revenue.
Services revenue reached an all-time high of US$10 billion. Excluding a one-time favourable adjustment of US$640million recognised in the fourth quarter of fiscal 2017, Services revenue grew from US$7.9 billion in the fourth quarter of fiscal 2017 to US$10 billion in the fourth quarter of fiscal 2018, an increase of 27 per cent.
“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 Tim Cook, Apple’s CEO. “Over the past two months, we’ve delivered huge advancements for our customers through new versions of iPhone, Apple Watch, iPad and Mac as well as our four operating systems, and we enter the holiday season with our strongest lineup of products and services ever.”
“We concluded a record year with our best September quarter ever, growing double digits in every geographic segment. We set September quarter revenue records for iPhone and Wearables and all-time quarterly records for Services and Mac,” said Luca Maestri, Apple’s CFO. “We generated US$19.5 billion in operating cash flow and returned over US$23 billion to shareholders in dividends and share repurchases in the September quarter, bringing total capital returned in fiscal 2018 to almost US$90 billion.”
Apple is providing the following guidance for its fiscal 2019 first quarter:
- revenue between US$89 billion and US$93 billion
- gross margin between 38 per cent and 38.5 per cent
- operating expenses between US$8.7 billion and US$8.8 billion
- other income/(expense) of US$300 million
- tax rate of approximately 16.5 per cent before discrete items
Apple’s board of directors has declared a cash dividend of US$0.73 per share of the Company’s common stock. The dividend is payable on 15 November, 2018 to shareholders of record as of the close of business on 12 November, 2018.
Apple will provide live streaming of its Q4 2018 financial results conference call beginning at 2:00 p.m. PDT on1 November, 2018 at
102.p.syniva.es/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
Apple periodically provides information for investors on its corporate website,
apple.com, and its investors relations website,
investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance and details related to its annual meeting of shareholders.