Apple hit yet another record for the September quarter results with $64 billion in revenue. Here's how that compares to previous quarters, earlier years, and how much money some countries and US states generate.
Analysts have passed comment on Apple's record fourth quarter results for the fiscal year 2019, with investor expectations and analyst estimates being beaten in a variety of ways, though the lower iPhone revenue is suggested to be an indicator of challenging December quarter results.
Though investors may not know her by name, and the public at large is almost assuredly unaware of her existence, Apple's head of Investor Relations Nancy Paxton has been the face — or more accurately voice — of the company's earnings conference calls for 23 years. On Wednesday, she announced her retirement.
Following the publication of its final fiscal quarter of 2019 results, encompassing July through September, Apple provided additional detail surrounding the particulars of the report during an hour-long conference call.
Apple's revenue for the fourth quarter of the fiscal year 2019 hit $64 billion, the company revealed on Tuesday, with earnings-per-share of $3.03, making it the biggest iPhone release quarter yet.
Apple's September-quarter financial results will be announced by the company on Wednesday, with both the fiscal performance and the initial sales of the iPhone 11 expected to be the main topics of conversation by industry commentators. Here's what analysts observing the company expect Apple will reveal during the conference call and the all-important filing.
Financial services firm Cowen has issued its latest guidance to investors about the state of Apple, and says that the company's offerings in total are setting up for a massive holiday quarter.
Former Apple lawyer Gene Levoff, who oversaw the company's Insider Trading Policy as corporate secretary and senior director of corporate law, was on Thursday indicted for insider trading and faces a maximum penalty of 120 years in prison.
Consumers continue to buy Apple's cheaper flagship models, with the iPhone XR and iPhone 11 accounting for 50 percent of iPhone sales in the July to August sales quarter.
The iPhone 11 and iPhone 11 Pro will sell 70 million units before the end of the year and Apple is tweaking manufacturing volumes to accommodate specific demands, according to a historically bearish analyst.
Apple TV+ in conjunction with a 5G iPhone will help accelerate Apple's Services growth to 20% in 2020, with Katy Huberty of Morgan Stanley raising the price target for the iPhone maker to $289.
Following on from becoming a trillion-dollar company Apple has reached its highest valuation of all time today, during a trading period that put its shares at their highest price ever at $237.64.
Apple's 2020 fiscal year should be more positive than some investors anticipate, Cowen suggests, with the iPhone 11 refresh assisted by a potential launch of a second-generation iPhone SE early in the cycle to help increase hardware revenues.
The teenage market continues to be extremely strong for Apple, with data from a Piper Jaffray survey suggesting more teenagers own iPhones than ever before, with the Apple Watch also seeing high intention to buy from the impressionable customer demographic.
Apple's typical move to cut its orders for new iPhone models from its assembly partners shortly after launch is 'fading away,' Ming-Chi Kuo believes, with the usual shipment forecast decrease for October thought to be unlikely to happen this year due to the long general shipping times for the iPhone 11.
Apple has reportedly increased the production of the iPhone 11 range by 8 million units year-over-year after heightened demand, according to sources familiar with the situation.
Apple is scheduled to announce quarterly earnings for its fourth fiscal quarter of 2019 on Oct. 30, with CEO Tim Cook and CFO Luca Maestri expected to once again join analysts on a conference call after markets close.
Apple's launches of the iPhone 11 and iPhone 11 Pro range are doing better than analysts initially predicted, but investor excitement in the 2020 5G-equipped iPhone apparently continues to be far higher than the 2019 range.
Apple has made the move to using 100% renewable energy, but now hopes that it can convince its suppliers to do the same.
Apple's 2019 iPhones are off to a strong start in terms of sales in the United States, analysts at UBS claim, but the firm's data suggests customers may have to wait longer to get hold of the iPhone 11 or iPhone 11 Pro models than customers did for the 2018 releases.
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Malcolm Owen
Amber Neely
Mike Wuerthele
AppleInsider Staff
William Gallagher
Mikey Campbell
