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Apple reports Q4 earnings, exceeds estimates

Updated Dec 19th, 2018 6:28PM EST

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Today’s earnings call with Apple has blown the minds of analysts as the Cupertino based company showed another strong quarter. Predictions for revenue was around $9.4 billion, but Apple topped it with $9.87 billion in revenue and a quarterly profit of $1.67 billion. Earnings per share is $1.82 where the consensus was at about $1.42 and whispers of $1.65. Strong sales pushed these substantial increases in profit: 3.05 million Macs (17% increase from last year), 10.2 million iPods (eight percent decrease) and 7.4 million iPhones (seven percent increase). Elated by the September quarter results, Apple CFO Peter Oppenheimer says, “For the full year, we grew revenue by 12 percent and net income by 18 percent in extraordinarily challenging times. Looking ahead to the first fiscal quarter of 2010, we expect revenue in the range of about $11.3 billion to $11.6 billion and we expect diluted earnings per share in the range of about $1.70 to $1.78.”

Is anyone really surprised? Amidst a recovering economy, Apple has been pulling impressive numbers and showing some solid growth.