Tuesday July 23, 2019
Home Lead Story Apple Announc...

Apple Announces 20% Increase in Quarterly Sales Revenue

Apple is projecting total revenue for the 2019 first quarter in the range between $89 billion and $93 billion

0
//
apple
Apple accused of making false claims about iPhone X series. Pixabay

Apple on Thursday announced a 20 per cent increase in quarterly sales revenue, which hit $62.9 billion, media reported.

The financial results for Apple’s fiscal 2018 fourth quarter that ended September 29 showed its quarterly earnings per diluted share were $2.91, up 41 per cent from the previous corresponding period, and its international sales contributed 61 per cent to the fourth quarter revenue.

Apple said it generated $19.5 billion in operating cash flow and returned over 23 billion to shareholders in dividends and share repurchases in the quarter, bringing total capital returned in fiscal 2018 to almost $90 billion, reports Xinhua.

“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,” said Apple CEO Tim Cook.

Apple
An Apple store in Woodbridge, Virginia. (VOA)

He said the Cupertino, California-based company had delivered new versions of iPhone, Apple Watch, iPad and Mac over the past two months, which offers the “strongest” lineup of products and services for the upcoming holiday season covering a period from Christmas to New Year’s Day celebrations.

Apple is projecting total revenue for the 2019 first quarter in the range between $89 billion and $93 billion. Its operating expenses are expected to be between $8.7 billion and 8.8 billion, with other income of $300 million.

Also Read- Conflicting Theories About Cellphone Radiations By Two Federal Agencies

However, Apple’s shares tumbled more than 7 per cent on Thursday, briefly falling below its $1 trillion market cap, a historic record it made in August to become the first US public company that crossed the $1 trillion threshold. (IANS)

Next Story

Apple Refreshes its Operating Systems for iPhones, Watches

The new WatchOS is a free download through the Apple Watch app

0
antitrust lawsuit, apple, iphone apps
FILE - Apple's App Store app is seen in Baltimore, MD., March 19, 2018. VOA

Apple has refreshed the operating systems of iPhones and Apple Watches with the release of updated iOS 12.4 and WatchOS 5.3 versions.

Introduced on Monday, the update for its mobile OS introduces “iPhone migration to directly transfer data from an old iPhone to a new iPhone” during setup along with enhancements in device security and Apple News Plus, CNET reported.

Apple News Plus would allow downloaded issues in the “My Magazine” option available on and offline, according to Apple’s support page.

Smartphones
iPhones on display at an Apple store in Virginia, USA, April 4, 2016. VOA

All the publications part of Apple’s news services would be available at the top of the News Plus feed.

Also Read: Samsung Galaxy Watch Active: Your Perfect Daily Companion

The new WatchOS 5.3 includes a security fix for the Walkie-Talkie app on the watch.

The new WatchOS is a free download through the Apple Watch app. (IANS)