Apple posted revenue of $64 billion for its fiscal 2019 fourth quarter ended September 28, 2019, up 2% from the year-ago quarter, and earnings per diluted share of $3.03, up 4%. International sales accounted for 60% of the quarter’s revenue.
During the quarter, Apple introduced a host of new products, including three new iPhones, as well as additional Apple Watch and iPad models. Apple is also reportedly unveiling a new iPhone SE 2 phone in 2020 priced at $399.
“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad,” said Tim Cook, Apple’s CEO, in a statement. “With customers and reviewers raving about the new generation of iPhones, today’s debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we’re very optimistic about what the holiday quarter has in store.”
For its fiscal 2020 first quarter, Apple projects revenue of $85.5 to $89.5 billion, gross margin of 37.5 to 38.5%, and operating expenses between $9.6 to $9.8 billion.