Apple's latest quarterly earnings are in.
Apple today reported its results for its fiscal 2019 fourth quarter, revealing that it brought in $33.4 billion in revenue from the iPhone, which is down from $36.8 billion in the year-ago quarter. iPad revenue grew year-over-year, going from $4.0 billion in Q4 2018 to $4.7 billion in Q4 2019, while Mac revenue fell from $7.3 billion to $7.0 billion.
The Wearables, Home, and Accessories category saw some big growth YoY, going from $4.2 billion in Q4 2018 to $6.5 billion in Q4 2019. Apple's Services revenue grew, too, going from $10.6 billion in Q4 2018 to $12.5 billion in Q4 2019.
Quarterly revenue finished at $64 billion, up 2% from the year-ago quarter. Net income for the quarter finished at $13.7 billion, down from $14.1 billion year-over-year.
Here's what Apple CEO Tim Cook had to say about these Q4 2019 results:
"We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad. 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 will be hosting a conference call to discuss its Q4 2019 results this afternoon. We'll be listening in and will report back with any noteworthy info that the company has to share.
UPDATE: Apple says that starting later this year, Apple Card owners will be able to buy a new iPhone and pay for it over 24 months with 0% interest.
