With $62.9 Billion Revenue, Apple Has $237 Billion in Cash on Hand
Nov. 2, 2018Apple sold 46,889 iPhones (it sold 41,300 units in fiscal Q3), 9,699 iPads and 5,299 Macs in the fiscal fourth quarter. The revenue was up 20 percent from the year-ago quarter while international sales accounted for 61 percent of the quarter’s revenue, the Cupertino-based company said in a statement.
“Over the past two months, we’ve delivered huge advancements for our customers through new versions of iPhone, Apple Watch, iPad and Mac as well as our four operating systems,” he added.
Services revenue reached an all-time high of $10 billion.
“We concluded a record year with our best September quarter ever, growing double digits in every geographic segment,” said Luca Maestri, Apple’s CFO.
“Q4 revenue was up 29 per cent over last year, an increase of over $8 billion to a new September quarter record fueled by continued momentum for iPhone 8, 8 Plus and X, and the very successful launch of iPhone XS and iPhone XS Max,” Cook added.
Just last week, Apple began shippingiPhone XR, bringing the latest iPhone breakthroughs to even more users.
“With an all-screen glass and aluminum design and the most advanced LCD in a smartphone, the product reviews have been overwhelmingly positive,” said Cook.
