Riding on robust growth in services, App Store purchases and device sales, Apple reported $62.9 bn in revenue in its fiscal fourth quarter for 2018, ending with $237.1 billion in cash on hand.
“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history,” said Tim Cook, Apple’s CEO.
“Over the past two months, we’ve delivered huge advancements for our customers through new versions of iPhone, Apple Watch, iPad and Mac as well as our four operating systems,” he added.
Services revenue reached an all-time high of $10 billion. “We concluded a record year with our best September quarter ever, growing double digits in every geographic segment,” said Luca Maestri, Apple’s CFO.
“We generated $19.5 billion in operating cash flow and returned over $23 billion to shareholders in dividends and share repurchases in the September quarter, bringing total capital returned in fiscal 2018 to almost $90 billion.”
Apple aims for revenue between $89-$93 billion for its fiscal 2019 first quarter.