Categories Earnings, Technology

Understanding Apple (NASDAQ: AAPL) Q4 2019 earnings results through 4 charts

Apple (NASDAQ: AAPL) once again delivered disappointing product sales as it announced fourth-quarter earnings results on Wednesday. Revenue from Apple products fell 1.5% year-over-year to $51.5 billion.

iPhone net sales declined 9.2% in Q4 to $33.36 billion. The quarterly results included the initial 10-days’ sale of the latest iPhone models – iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max – which were released last month.

iPhone quarterly revenue chang

The weakness its flagship product weighed on the overall revenues, which edged up 2% to $64 billion. However, this still came in above the street consensus of $63 billion. International sales accounted for 60% of the quarter’s revenue.

Earnings grew 4% to $3.03 per share, while analysts had projected it at $2.84 per share. The better-than-expected earnings sent AAPL shares up 1.5% during after-market trading on Tuesday.

 Apple Products vs. Services Performance

Meanwhile, Apple’s services segment slightly offset the weakness in the products side with an 18% year-over-year growth to $12.5 billion, an all-time high.

CEO Tim Cook said, “With customers and reviewers raving about the new generation of iPhones, today’s debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we’re very optimistic about what the holiday quarter has in store.”

Apple Q4 2019 Earnings Infographic

For the first quarter of 2019, the iPhone maker expects revenue between $85.5 billion and $89.5 billion. Gross margin is projected between 37.5% and 38.5%.

So far this year, AAPL stock has increased 53%, crowning it once again, earlier this month, the title of most valued public company in the world.

Apple's revenue from Greater China.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat

Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the

Nutanix (NTNX) Earnings: 2Q21 Key Numbers

Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3

Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023

Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top