Apple records another record quarter, but China weighs on prospects



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Tim Cook

Another quarterly record for Apple , which closed the fourth quarter of fiscal 2017-2018 with a business turnover of $ 62.9 billion, up 20%, and diluted earnings of $ 2.91 per share, with an annualized jump of 41%. All badysts' expectations were exceeded, reaching respectively $ 61.57 billion in sales and $ 2.78 in diluted earnings. Investor Day, however, was spoiled by the forecast for the next quarter, traditionally richer for Christmas holidays and because it is the first to integrate sales of new iPhone models, introduced just ten days before the end of the past quarter. . Apple In fact, for the first quarter of the new fiscal year, revenues were $ 89 to $ 93 billion, a figure lower than badysts' estimates, because of the macroeconomic uncertainties related to the trade disputes with China, which hit the colossus of Cupertino twice: on sales in the third market after the United States and Europe, import duties on devices made in China would weigh on margins. The reaction of Wall Street, which bore the title Apple, was immediate lose almost 4% immediately after the communication of the accounts.

"We are delighted to announce another record quarter ending a fabulous 2018 fiscal year, during which we sent our two billionth device based on the iOS operating system (iPhone and iPad, ed.), Celebrated the tenth anniversary of the App Store and got the highest revenue and income in the history of Apple "Said Tim Cook, CEO of Apple . "We finished a record year with our best quarter of September to date, with double-digit growth across all geographies." We set record sales for the September quarter for the iPhone and mobile devices as well as unprecedented quarterly records for Services and Macs, "said Luca Maestri, Apple's CFO. "We generated $ 19.5 billion in operating cash flow and returned over $ 23 billion to shareholders in the form of dividends and share repurchases during the quarter. which brings the total capital repaid during the 2018 financial year to nearly 90 billion dollars. "

Only the figures of the services division were eagerly awaited by investors, since it is now the second item of Apple's budget. and is able to make the accounts less dependent on the launch and seasonality of iPhone sales. In fact, the Services division generated revenue of $ 10 billion in the quarter, up 21% from $ 2.9 billion in the same quarter last year, while the iPhone accounted for revenues of $ 37.2 billion. up 29% despite the number of units sold remained constant. A new confirmation of Apple's strategy which aims to increase the average price of their devices to offset the slowdown in the unit market, which was also reflected in the launches of the new iPad Pro, MacBook Air and Mac Mini, whose average price is 20% higher to the proposed models. they replace. (reproduction reserved)

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