Gary Lerude, MWJ Technical Editor
Gary Lerude, MWJ Technical Editor RSS FeedRSS

Gary Lerude

Gary Lerude is the Technical Editor of Microwave Journal. Previously, he spent his career as a “midwife” aiding the growth of the compound semiconductor industry, from device to application, from defense to commercial. He spent 19 years at Texas Instruments, 11 years at MACOM and six years with TriQuint. Gary holds a bachelor’s in EE, a master’s in systems engineering and an engineers degree (ABD) in EE.

Cellular 4G/LTE Channel / Industry News / RFIC Channel

Apple Reports Record Q4 Revenue, Sees Improvement in iPhone and China

October 31, 2019

Apple’s fiscal fourth quarter revenue of $64 billion set a record for the company’s September quarter, although a modest 2 percent year-over-year (Y/Y) increase and 19 percent above the prior quarter. Excluding iPhone revenue, Apple grew 17 percent Y/Y, compensating for a 6 percent Y/Y decline in Mac revenue.

iPhone sales contributed $33 billion, down 9 percent Y/Y and 52 percent of Apple’s revenue.

CEO Tim Cook said, “This 9 percent decline over last year is a significant improvement over the 15 percent decline we saw across the first three quarters.” He said the new iPhone 11, introduced at the end of the quarter, has become the best selling iPhone in the family — as you would expect.

Apple continued its shift toward services, with revenue in this segment reaching $12.5 billion, another record reflecting individual milestones from the App Store, AppleCare, Apple Music, cloud services and the App Store search ad business.

Apple’s wearables category, which includes the Apple Watch, AirPods and Beats, grew 54 percent Y/Y to $6.5 billion, just behind the revenue generated by the Mac, the product category that put Apple in business.

Cook said Apple’s position in China has improved, with revenue growing slightly in the quarter in constant currency or down 2 percent including foreign exchange. He said the iPhone 11, 11 Pro and 11 Pro Max are being well received, aided by Apple’s pricing and trade-in program. More broadly, he said “I think the trade tension is less and that clearly looks positive right now with the comments that we've been reading in the press.”

For the December quarter, Apple expects revenue to reach $85.5 billion to $89.5 billion. The midpoint represents 3.8 percent Y/Y and 37 percent sequential growth.

Post a comment to this article

See More Videos