Apple reported its third quarter 2018 financial results today, with 46.9 million iPhones and 9.7 million iPads sold. The company posted quarterly revenue of $62.9 billion and quarterly earnings of $2.91 per diluted share, up 41 percent from the year-ago quarter. Apple also noted that revenue from services reached $10 billion for the first time, representing an increase of 27 percent from Q4 2017. For Q1 2019, Apple is providing guidance of revenue between $89 billion and $93 billion, and gross margin between 38 percent and 38.5 percent.
“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, and we enter the holiday season with our strongest lineup of products and services ever.”
“We concluded a record year with our best September quarter ever, growing double digits in every geographic segment. We set September quarter revenue records for iPhone and Wearables and all-time quarterly records for Services and Mac,” 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.”
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