Since its first product ‘The Macintosh’ back in 1984, Apple has been leading the world in innovation and advancements with its wide of gadgets and software behind these gadgets. People rather use Apple products for the experience they provide, which is just much ahead of its competitors.
Apple and its employees are dyed-in-the-wool to deliver the best experience and products on earth while keeping things simple and bold. Every Apple product ever rolled out of the factory has overwhelmed the world, and the figures from them have kept the competitors and market surprised. Apple is a company that revolutionized the whole electronic industry from its inception.
Apple has recently seen its revenue increased by 20% and EPS rising to 41% in the last quarter this year. This is remarkable regarding revenue achieved. This has set the records high. The revenue from the services has reached an unparalleled height. This may be sure because of their dedication and effort to change the things one may see.
The cash pile for Apple hits $285.1 billion. Apple reported this for the last quarter this year. It aims to make $38 billion as tax payments to reflect new rules passed this year.November 1, this year 2018, Apple announced its financial results for the fourth partfor the year approaching an end. The company displayed quarterly revenue of $62.9 billion, with an increase in 20% over the past quarter. The international sales accounted for 61% of this quarter’s revenue.
From the CEO’s Desk
Apple’s CEO Tim Cook said they were elated to report one more record-breaking quarter which tops a notable economic year2018, the year their 2 billionth apple device working on the revolutionary iOS was shippedand accomplished the highest profits and incomes in the history of Apple. He further stated “Over the past two months, we’ve delivered huge developments for our consumers through new versions of iPhone, Apple Watch, iPad and Mac as well as our operating systems (www.business-standard.com)”.
From the CFO’s Desk
According to Apple’s CFO Luca Maestri, the September quarter revenues are all-time quarterly records for Services and Mac. Apple generated $19.5 billion in functional cash flow, it returned $23 billion to its shareholders in the form of dividends and shared repurchase, taking along the total earnings apple, could have ever thought of was almost $90 billion.Apple is expecting the same for the next fiscal quarter with a revenue generation in the range $89 billion – $93 billion, and an increase in the gross margin from 38% to 38.5% on the higher side.
Endeavor towards being Environment-Friendly
Apple has also started going environment-friendly with their products. They have been using recyclable plastics and other elements in their devices. They have also introduced reuse programs for their iPhone. Liam is a robot that’s efficient enough to dismantle a used iPhone and segregate the parts for future use. They are spending a lot of earnings apple, generate into these programs.
Apple is the best tech heading into earnings says venture capitalist Gene Munster. This year’s most important metric to watch was Apple’s figures.