Categories AlphaGraphs, Earnings, Technology
Infographic: Apple (AAPL) Q4 earnings beat; stock falls on weak iPhone sales
Gadget giant Apple Inc. (NASDAQ: AAPL) Thursday said the sales of iPhone decreased in the fourth quarter, restricting total sales growth to just 1%. However, the results topped the market’s expectations.
Sales of iPhone, the company’s flagship product, decreased 21% from last year to $26.4 billion in the Septemberer-quarter. At $64.69 billion, total revenue was up 1%, which also came in above the estimates.
The tech firm recorded net income of $12.67 billion or $0.73 per share during the three-month period, compared to $13.69 billion or $0.76 per share last year. It was better than the outcome analysts’ had predicted.
Read management/analysts’ comments on Apple’s Q4 results
Apple’s stock has set new records consistently in the past, and the value increased 56% this year alone. The stock declined on Thursday evening, soon after the earnings announcement.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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