Both analysts and investors used it to calculate the average selling price of Apple's devices and gauge the company's financial health. Just a reminder that these numbers are for the quarter that ended on September 30, a few weeks after the announcement of the 2018 iPhone models, so most of the sales of the new iPhones, including the most expensive one, the iPhone XS Max, won't show up until the next report, three months from now. In terms of growth, Apple's services revenue, which includes revenue from Digital Content and Services, AppleCare, Apple Pay, licensing and other services, grew from $7.9 billion in the fourth quarter of fiscal year 2017 to $10 billion in the final quarter of 2018, marking an increase of 27 per cent.
'Apple will have trouble maintaining its recent valuation bump if the market clearly sees declines in shipments, ' said analyst Richard Windsor on his Radio Free Mobile blog.
And while he did say that fourth quarter numbers "cap a tremendous fiscal 2018", Cook stressed in a conference call that pressure in emerging markets - causing its currencies to weaken and in turn puts pressure on foreign exchange rates - is a bit of a concern.
The Cupertino, California-based company bought back 92.5 million shares during the quarter for about $19.4 billion, Chief Financial Officer Luca Maestri said on the earnings call.
Meanwhile chief executive Tim Cook revealed the tech titan will stop reporting unit sales for its iPhones, iPads and other products. The company also wants to stress on the fact that as long the revenue is up, it doesn't matter how many units they sold. At market close on Thursday, Apple shares were up more than 25 per cent for the year - supported by purchases by Warren Buffett and a $100 billion share buyback program - while the Nasdaq Composite Index is almost flat for the year. Sales of the iPad were down 6% year-on-year while sales of Macs were down by 2%.
Andre Russell to miss T20I series against India
Pant is expected to fulfil the wicket-keeping responsibilities while Karthik could take on one of the positions in the outfield. In 2018, Dhoni, who has also captained India to 50-over World Cup glory in 2011, managed only 245 runs at 27.22 in 17 matches.
Arsenal Still Can't Defend - Former Liverpool Star Confident
The second, maybe also we can lose in one moment and in the 90 minutes we could also have won in the balance of the 90 minutes. A point certainly felt well deserved and Arsenal easily could have scored more if they had been sharper in front of goal.
Magic Johnson reprimands Walton after Lakers' 3-5 start
League sources told ESPN that Johnson "admonished" Walton for the team's slow start to the season when they met on Tuesday. The Lakers face the Portland Trail Blazers Saturday followed by the Toronto Raptors Sunday in a tough back-to-back.
To the company's credit, FQ4 EPS of $2.91 and revenue of $62.9 billion easily surpassed consensus estimates of $2.78 and $61.6 billion, respectively.
Customers look at new Apple watches, including the Series 4, at an Apple store in NY. However, year-over-year revenue from iPhone sales was up by 29 percent, thanks to the increase in iPhone prices. Maestri also called out Apple's "very large and growing" install base, which is now at an all-time high.
Apple's sales in its latest quarter and its estimates for the holiday season surprised experts.
In contrast, Apple's services business, which includes Apple Music and iTunes, continues to grow, with revenue up 17% on this time a year ago to just under 10 billion dollars (£7.6 billion).