Apple closes fiscal 2019 with revenue of $64 billion

Apple released its quarterly financial results for the period ending September 28. The tech company reported quarterly revenue of $64 billion, up 2% from the year-ago period. Net income was nearly $13.69 billion, or $3.03 per diluted share, compared with about $14.13 billion, or $2.91 per diluted share, in the same quarter of 2018.

Services revenue continued to rise for Apple. The division, which includes its Apple Music subscriptions, reported quarterly revenue of $12.51 billion, up from $10.6 billion in the year-ago period.

“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad,” Apple CEO Tim Cook said. “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.”

Apple also released guidance for its first quarter of the 2020 fiscal year. The company now anticipates revenue between $85.5 billion and $89.5 billion.

Anna Washenko