Apple Headquarters United States
Apple | Image source: Google

Apple posted its financial results for Q3 and Q4 of the year. The interesting point to know about is the revenue of Apple i.e. $ 62.9 billion, which is more than 20% on a yearly basis.

This year, Apple has sold around 46.8 million iPhones and approximately 10 million iPads, both of which were exactly same as achieved in last year. However, the revenue from the iPhone was quite high due to an increase in the average sales price.

Different services like digital content, Apple Pay and Apple Care brought about $ 10 billion in revenue, which has been their best ever performance for a time span of three months. The $ 10 billion revenue has made a 5% contribution but more than that it has an impressive 17% increase from Q4 2017. 

Apple's financial report reveals sales of iPhones, iPads
Apple Financial Report

By sales, and different services, the revenue of Apple between July and September was $ 14.125 billion, which was 30% higher compared to the same quarter last year. 

Total revenue from all the sales and services shows the revenue of $ 265.6 billion, which is 15% higher than the previous year. Profit stood at $ 59.5 billion - an increase of 23% year-over-year.

Apple's financial report reveals sales of iPhones, iPads
Apple Financial Report

In addition to this, For its first 2019 fiscal year, Apple has provided some information. The information includes

  • The revenue between $ 89 billion to $ 93 billion.
  • The gross margin must be between 38-38.5%.
  • The operating expenses of the company will be between $ 8.7-8.8 billion.
  •  The tax rate will be 16.5% before discrete items. 

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