Apple Reports Fourth Quarter
Dow 30 component Apple (AAPL) revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it.”
Apple reported its fourth-quarter fiscal 2018 financial results last week. Apple reported a fourth-quarter revenue of $62.9 billion, which was a 20 percent increase compared to the fourth quarter of the previous year. The company surpassed estimates that called for $2.838 per share with $2.91.
Service revenues increased 27 percent year-over-year for an all-time best of $10 billion, and international sales made up 61 percent of the fourth quarter revenue.
The company’s board of directors declared its cash dividend of $0.73 per share of common stock. The dividend will be payable November 15, 2018, to those shareholders of record at the close of business on November 12, 2018.
“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history. 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, and we enter the holiday season with our strongest lineup of products and services ever.” -Tim Cook, Apple’s CEO
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