Apple chief Cook sees short-term impact from weak Re, import duties

Apple chief Cook sees short-term impact from weak Re, import duties

Worldwide sales made up 61 per cent of the total number.

Riding on robust growth in Services, App Store purchases and device sales, Apple reported $62.9 billion in revenue in its fiscal fourth quarter for 2018, ending with $237.1 billion in cash on hand.

Services continued its rise.

Right now, only a handful of devices are currently covered by the new program - the GSM/CDMA model of the iPhone 5, both 11- and 13-inch variants of the 2012 MacBook Air, and, in the US and Turkey, both 21- and 27-inch variants of the 2011 iMac.

On Tuesday, Mr Cook unveiled a new iPad Pro and MacBook Air as Apple completed a refresh of its major product lines for the year.

Apple crossed the $US1 trillion mark in August - a first for a United States company - after reporting strong second-quarter results.

This prompted the company to give a first-quarter forecast that was below expectations.

UFC 230: Daniel Cormier stuffs Derrick Lewis in first heavyweight title defense
By any measure, Derrick Lewis should have just as good a shot at beating Daniel Cormier as McGregor had against Nurmagomedov. CBS Sports was with you for every punch, kick and submission attempt from Madison Square Garden with our live blog below.

Apple's cautious forecast could accelerate investor fears that have in turn erased stock market gains for much of the year. It managed to recover, though: as at 6:50am in NY, it was at $1.073 trillion.

But investors are fixated on the number of iPhones that Apple sells from quarter to quarter, because those revolutionary devices are the key to the company's ongoing success.

The disclosure is weighing on Apple's stock despite strong fourth-quarter results that saw the company report record quarterly revenue and earnings per share. Customer satisfaction for the Apple Watch, he said, was also high, adding that the wearable is among the ways the company can make breakthroughs into the health industry.

Apple skidded 6.6 per cent to close at $207.48.

"We were especially pleased with Mac momentum in emerging markets, with strong growth in Latin America, India, West Asia and Africa, and Central and Eastern Europe", said Apple's Chief Financial Officer Luca Maestri. Mac sales were 5.3 million, up 3% from a year ago. "We generated $19.5bn in operating cash flow and returned over $23bn to shareholders in dividends and share repurchases in the September quarter, bringing total capital returned in fiscal 2018 to nearly $90bn". Apple's resilience was all the more impressive considering the company is exposed to China at a time of escalating trade tension with the U.S. Addressing analysts at a quarterly earnings call on Friday, Cook said the Cupertino-based consumer technology giant is "seeing pressure" in emerging markets such as Turkey, India, Brazil, and Russian Federation. That sparked concern Apple wants to avoid disclosing weak growth numbers.

Apple has just published its financial results for Q4 2018.

Related Articles

  • Magic Johnson

    Magic Johnson "Admonished" Luke Walton After Winless Two-Game Trip

    When you throw LeBron James into the drama known as the Real Lakers of Los Angeles, we knew the results would be spectacular. We've played some good teams and we've had a chance to win a lot of those games, unfortunately we haven't.
    Bonfire Night traditions: Why do we celebrate Guy Fawkes?

    Bonfire Night traditions: Why do we celebrate Guy Fawkes?

    The Bistro Cafe, Swinton Bivouac, will be serving warming burgers, hot dogs, hot drinks and alcoholic beverages from 6.30pm. The Big Bang Bonanza, organised by Bridport Round Table at Bridport Leisure Centre, takes place on Saturday, November 3.
    Lo Duca: My Card for The 2018 Breeders’ Cup

    Lo Duca: My Card for The 2018 Breeders’ Cup

    In Europe, races generally finish faster than they start. "He's a year older and this distance is his best distance now", he said. He jumped from that to a victory in the Group 2 Prix de Conde at Chantilly in France Oct. 1 before heading for Kentucky.
  • Nigerian Army embraces Trump's words to justify killing protesters

    Nigerian Army embraces Trump's words to justify killing protesters

    The Nigerian army posted the video on its account with a caption that read " Please watch and make your deductions ". The Nigerian Army has defended its use of fire power in the wake of attacks from protesters in the capital, Abuja.
    India vs West Indies, 1st T20I

    India vs West Indies, 1st T20I

    The seasoned Mumbai batsman was the second highest scorer behind Kohli, scoring 389 runs at 129.66, that included two hundreds. Rohit Sharma and Virat Kohli chased the target in just 14.5 overs despite the dismissal of Shikhar Dhawan early on.
    Dele Alli credits Mauricio Pochettino as reason he signed new deal

    Dele Alli credits Mauricio Pochettino as reason he signed new deal

    A "crazy game", as Burnley boss Sean Dyche described it, began with James Tarkowski gifting the opening goal to Marko Arnautovic. Pochettino was forced to alter his plans at Molineux with an early ankle injury ruining Mousa Dembele's 250th club appearance.
  • Oil market on alert as Iran sanctions hit

    Oil market on alert as Iran sanctions hit

    Indian Oil Minister Dharmendra Pradhan said his country and other leading oil importers would benefit from the USA waivers. Even if Iran can continue to sneak oil out of its ports, it will find it hard to get the cash into its accounts.
    Iran summons Danish envoy over alleged deadly Tehran plot

    Iran summons Danish envoy over alleged deadly Tehran plot

    In Oslo, Rasmussen also stressed that "we want to preserve the nuclear agreement". Those countries might go beyond the European Union as U.S.
    Elon Musk complained about the worst year of my life

    Elon Musk complained about the worst year of my life

    He's called Apple the " Tesla graveyard " in the past, suggesting that Tesla employees that don't work out often land at Apple. Joe Rogan Experience/YouTubeElon Musk was interviewed on The Joe Rogan Experience podcast, where he smoked pot on camera.
  • Fight between Khabib Nurmagomedov and Georges St Pierre reportedly in the works

    Fight between Khabib Nurmagomedov and Georges St Pierre reportedly in the works

    On April 8, Nurmagomedov defeated his USA opponent Al Iaquinta in a five-round fight for the UFC lightweight belt in NY . MMAFighting.com says McGregor got around $50 million from his share of the pay-per-view revenue from UFC 229 .
    Brazil To Move Israel Embassy To Jerusalem

    Brazil To Move Israel Embassy To Jerusalem

    The US and Guatemala have recently moved their embassies to Jerusalem, but most countries choose to remain in Tel Aviv. Israel occupied Jerusalem al-Quds in 1967 in a move never recognized by the worldwide community.
    Britain's Prince Charles salutes Gambia's return to Commonwealth

    Britain's Prince Charles salutes Gambia's return to Commonwealth

    Charles said: 'We are friends and partners, and once again we are both members of the Commonwealth family of nations'. The Duke and Duchess were met at the Kotoka International Airport by the Speaker of Parliament Prof.