10 interesting points from Apple’s Q4 earnings call

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.