Apple Inc (NASDAQ:AAPL) reported financial results for the fourth quarter after the market close on Thursday. Here’s a look at the key details from the quarter.
Q4 Earnings: Apple reported fiscal fourth-quarter revenue of $94.9 billion, beating analyst estimates of $94.56 billion. The iPhone maker reported fourth-quarter adjusted earnings of $1.64 per share, beating analyst estimates of $1.60 per share.
Apple has now beat analyst estimates on the top and bottom lines in seven consecutive quarters, according to Benzinga Pro.
Total revenue was up 6% year-over-year. Products revenue came in at $69.96 billion, up from $67.18 billion year-over-year. Services revenue totaled $24.97 billion, up from $22.31 billion year-over-year. Here’s a breakdown of product sales by category:
- iPhone: $46.22 billion, versus $43.8 billion last year
- Mac: $7.74 billion, versus $7.61 billion ...