The revenues for the services has reached its highest rate of 12.5 billion dollars. A new fourth-quarter record has been set by EPS of 3.03 dollars.
Announcement by Apple
It was recently announced by Apple (apple stock price) in California on October 30th that the financial results for the fiscal year 2019’s fourth quarter ended in September 28th 2019. According to the company, they have posted a revenue (quarterly) which rates up to 64 billion dollars. This has been an increase of 2% in comparison to the year prior’s revenue rate. As for the dilatant share (3.03 dollars) of earnings, they have been up to 4%. Apple also reported its international sales which have accounted for about 60% of the entire revenue rate for the quarters.
What did the CEO of Apple Tim Cook Say About this?
According to him, he had said that the revenue rates for the fourth quarter had increased because of the new release of the iPhone series as well as the new debut of the noise-cancelling AirPods Pro, along with other Apple products. He also mentioned that he is very optimistic about the holiday quarter, which will be bought soon in the store.
What is the Guidance that Apple Released for its Fiscal 2020’s First Quarter?
Apple has released the following guidance for its fiscal for 2020’s first quarter they are as follows:
- They aim to achieve revenue which is between 85.5 billion dollars to 89.5 billion dollars
- The gross margin should be around 37.5% and 38.5%
- They wish to keep their operating expenses between the values of 9.6 billion dollars and 9.8 billion dollars.
- The other incomes and expenses should be around 200 million dollars
- The rate of tax should be approximately 16.5%
These were the mention and release guidance for the year of fiscal 2020 first quarter by Apple.
Statements Shared by the Apple’s Board of Directors
The board of directors of Apple have said that they have declared a cash dividend which is around $0.77 per share of the common stock of the Apple company. The ability of the dividend was on November 14th of 2019, which was given to the shareholders of the record.
Apple has also released a press statement which is available as an online report which has been mentioned and shared on its original website. If you wish to see the online report, then you may visit the online website of Apple.
It is visible from the news of the stock market across the marketing news that Apple has been gaining a lot of profit from its stock market because of its split stocks. You can check the information like cash flow at https://www.webull.com/cash-flow/nasdaq-aapl before investing in the stocks.