Apple's (AAPL) Q4 Earnings Beat, Services Drives Top Line
Apple AAPL reported fourth-quarter fiscal 2019 earnings of $3.03 per share that beat the Zacks Consensus Estimate by 19 cents and increased 4.1% year over year.
Net sales increased 1.8% year over year to $64.04 billion, which surpassed the Zacks Consensus Estimate of $62.45 billion. The figure also beat management’s guidance of $61-$64 billion. However, foreign exchange volatility negatively impacted sales by $1 billion.
Product sales (80.5% of sales) decreased 1.5% to $51.53 billion. Services (19.5% of sales) revenues increased 18% from the year-ago quarter to $12.51 billion. Non-iPhone revenues grew 17% year over year.
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https://finance.yahoo.com/news/apples-aa...02136.html
Apple AAPL reported fourth-quarter fiscal 2019 earnings of $3.03 per share that beat the Zacks Consensus Estimate by 19 cents and increased 4.1% year over year.
Net sales increased 1.8% year over year to $64.04 billion, which surpassed the Zacks Consensus Estimate of $62.45 billion. The figure also beat management’s guidance of $61-$64 billion. However, foreign exchange volatility negatively impacted sales by $1 billion.
Product sales (80.5% of sales) decreased 1.5% to $51.53 billion. Services (19.5% of sales) revenues increased 18% from the year-ago quarter to $12.51 billion. Non-iPhone revenues grew 17% year over year.
...
https://finance.yahoo.com/news/apples-aa...02136.html
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