Following the release of its Q4 financial results, Apple’s CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about the company’s performance over the past 3 months. As usual, we’ve put together a roundup of some of the more interesting points for you below.
- CFO Luca Maestri says Apple intends to stop reporting iPhone, iPad and Mac unit sale going forward. It will still report revenue.
- Apple generated $265.6 billion in sales during the 2018 fiscal year, and collected just under $60 billion in net income from that
- Apple started the quarter with $237.1 billion in cash, has returned almost $90 billion to investors this year
- This was a record Q4 for Apple, thanks to strong results from iPhone, services and wearables
- Apple’s wearables division saw growth of over 50% this quarter
- Apple’s service division did $10B in revenue during the quarter
- There are now 30,000 third-party subscription apps in the App Store
- Apple Pay “by far” the number 1 contactless payment service worldwide and Apple Pay Cash highest rated P2P payment service by Consumer reports.
- Over 250,000 ‘Today at Apple’ sessions hosted this quarter at Apple retail stores
- 100% of Apple’s global operations powered by renewable energy, 100% of aluminum in new MacBook Air and Mac mini is recycled
Despite the record-breaking quarter, Apple’s stock price is down 6% in after-hours trading. If you’d like to listen to a replay of the earnings call, you can find it here for a limited time.