November 9, 2018

Apple Reports Fiscal Q4 Revenue of $62.9 Billion, a 20 Percent Increase

Apple started the month off right with a strong earnings report on November 1 for its fiscal fourth quarter ended September 28, 2018. Among the highlights are quarterly revenue of $62.9 billion, a 20 percent increase year-over-year, and quarterly earnings per diluted share of $2.91, representing a 41 percent increase over earnings for the same period last year. International sales made up 61 percent of revenue for the quarter. Of particular note was the company’s Services revenue which hit an all-time high of $10 billion, an increase of $2.1 billion, or 27 percent, over the same period last year.

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Five on Friday: Apps, Publishing and Subscription Gaming Growth

Before we head into the three-day weekend, we want to take a moment to honor our nations veterans and thank them for serving our country. It is because of them that we remain free. Please thank a veteran this week. Now onto Five on Friday. This week Digital tells us that subscription tools offered by Facebook and Google are improvements for publishers, but they have a long way to go. Also, subscription gaming is heating up, thanks to Google and Microsoft, Forbes shares ways to minimize churn, Fast Company gets a new look, and Dice says that the subscription app model isnt beneficial to developers.

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