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

TTWO Earnings: Take-Two Interactive slips to a loss in Q1; revenue up 36%

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth. First-quarter revenues rose 36% annually to $1.1 billion

Tyson Foods (TSN): Strong demand for beef and price hikes in chicken fuel Q3 top line growth

Shares of Tyson Foods Inc. (NYSE: TSN) plunged 9% on Monday after the company delivered mixed results for the third quarter of 2022. Revenues beat estimates while profits missed expectations.

TSN Earnings: All you need to know about Tyson Foods’ Q3 2022 earnings results

Tyson Foods, Inc. (NYSE: TSN) reported third quarter 2022 earnings results today. Sales rose to $13.5 billion from $12.5 billion in the same period a year ago. Net income attributable to

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