Apple reported an 8% rise in fourth-quarter revenue to $102.5bn (as expected). Growth was broad, with iPhone sales up 6% to $49.0bn ($50.2bn expected), while Mac and iPad also saw modest gains. Services revenue rose 15% to $28.8bn.
Operating profit rose 10% to $32.4bn, and full year free cash flow came in at $98.8bn. Net cash, including longer term securities, stood at $33.8bn.
Apple declared a dividend of $0.26 per share and repurchased $90.7bn of stock during the year.
For the coming quarter, Apple expects revenue growth of 10–12%, with iPhone sales expected to grow by double digits year-over-year, despite ongoing supply constraints. Tariffs remain a headwind of about $1.4bn.
The shares rose 4.3% in after-hours trading.
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Apple key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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