The company's revenue was $64 billion, up 2% from the same period last year.
Published by Apple financial results for the 4th quarter of 2019 showed a significant increase in the company's revenue from sales of wearable electronics and the provision of all kinds of services. In the case of wearables, which also includes the Apple Watch and AirPods, revenue increased by 55%.
Services revenues aren't growing as fast, but 18%'s growth isn't small. Especially since services are the company's second largest revenue category (after the iPhone, of course), bringing Apple $12.5 billion. And this is more before the launch of Apple TV+. The imminent launch of this TV service, along with the growing popularity of Apple Arcade, could see the company post even more revenue growth in the next quarter. So far, the gaming service simply could not bring any significant income, since all users who decided to try it out received a free trial month.
The next quarter may show even more growth due to sales of the Apple Watch Series 5, which appeared almost before the end of the 4th quarter, as well as new iPhone models. Also driving growth will be the recently introduced new AirPods Pro model with noise cancellation.
iPad sales showed very good results, which increased by 18% compared to the same period last year and became the best for the last 6 years. Mac revenues, on the other hand, fell slightly, down 4% from a year ago. Most likely this happened against the backdrop of rumors about the upcoming update of the MacBook Pro - it is expected that a new 16-inch model will soon enter the line.
In general, the company has shown more than good results. Apple CEO Tim Cook even said that this is the best revenue growth for the fourth fiscal quarter in the history of the company.