Apple delivered another triumphant fiscal quarter after the close on Wednesday as it posted fourth-quarter revenue and earnings which trounced the expectations of Wall Street analysts thanks partly to robust sales of AirPods and Apple Watches.
In the three months until Septembers close, the iPhone makers revenue clocked in at $64 billion despite a 9% year-over-year dip in iPhone sales, which was well ahead of the $62.99 billion expected by analysts. Its earnings per share of $3.03 also exceeded the forecast of $2.84 per share.
READ: Investors brace themselves for today's 4Q show from the corridors of Cupertino
The news pushed Apple shares up by 1.6% to $247.10 in after-hours trading.
“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and the iPad,” said CEO Tim Cook in a statement.
“With customers and reviewers raving about the new generation of iPhones, todays 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, were very optimistic about what the holiday quarter has in store.”
Drilling down to the details, the Cupertino, California companys iPhone revenue amoRead More – Source
