AAPL’s Q4 2019 earnings day has arrived. For the fourth fiscal quarter of 2019, Apple had forecasted revenue between $61 billion and $64 billion. That compares to the $62.9 billion it reported in the same quarter last year.

How did Apple perform during Q4 2019? In its earnings release, AAPL has announced revenue of $64 billion and profit of $13.69 billion. Apple no longer reports iPhone, iPad, and Mac unit sales numbers, though it does report a revenue breakdown by product category. More details below.

Apple CEO Tim Cook had this to say about AAPL’s Q4 2019 earnings:

“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad,” said Tim Cook, Apple’s CEO. “With customers and reviewers raving about the new generation of iPhones, today’s 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, we’re very optimistic about what the holiday quarter has in store.”

CFO Luca Maestri added:

“Our strong business performance drove record Q4 EPS of $3.03 and record Q4 operating cash flow of $19.9 billion,” said Luca Maestri, Apple’s CFO. “We also returned over $21 billion to shareholders, including almost $18 billion in share repurchases and $3.5 billion in dividends and equivalents, as we continue on our path to reaching a net cash neutral position over time.”

AAPL earnings by product

While AAPL earnings no longer include hardware unit sales, the company does provide this revenue breakdown by product category:

  • $33.36 billion: iPhone
  • $12.5 billion: Services
  • $6.99 billion: Mac
  • $6.52 billion: Wearables, Home, and Accessories
  • $4.66 billion: iPad

The Q4 2019 earnings release covers the first week of iPhone 11 availability, and we expect Apple to comment on the launch during its earnings call. That being said, the full effect of the iPhone 11 also won’t show up in earnings results until Apple reports fiscal Q1 2020 numbers in January.

The Q4 earnings release also includes several new Apple Services, including the new Apple Card credit card with Goldman Sachs, and the Apple Arcade game subscription service. Apple TV+ launches on November 1.

For Q1 2020, which is the holiday quarter, Apple is forecasting:

  • revenue between $85.5 billion and $89.5 billion
  • gross margin between 37.5 percent and 38.5 percent
  • operating expenses between $9.6 billion and $9.8 billion
  • other income/(expense) of $200 million
  • tax rate of approximately 16.5 percent

AAPL stock is up just over 2 percent:

Read the full report on Apple Newsroom and stay tuned to 9to5Mac for more coverage from the AAPL earnings call with Tim Cook and Luca Maestri next. You can listen live to the AAPL Q4 2019 earnings call audio streaming at the top of the hour here, or listen back shortly after the call with Apple Podcasts.

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About the Author

Chance Miller

Chance is an editor for the entire 9to5 network and covers the latest Apple news for 9to5Mac.

Tips, questions, typos to chance@9to5mac.com