Apple Inc. posted record 64 billion US dollars in revenue for the fourth fiscal quarter that ends in September, up by 2.0 per cent year on year.
In a report Wednesday, Apple said the profits growth, which beat market expectations of 63 billion dollars, brought its quarterly earnings per diluted share to $3.03, an increase of 4.0 per cent, compared to $2.91 per share a year ago.
The sales of Apple's iPhones, which remained its top moneymakers, fell by about 9.2 per cent to earn $33.36 billion, compared to $36.76 billion in the corresponding period last year.
However, the reduction in iPhone sales was offset by the growth in sales in other areas such as services and wearables.
Apple's services grew to $12.5 billion, about $2.0 billion more than the figure of $10.5 billion a year ago.
The California-based company said in an earnings call Wednesday afternoon that it now has 450 million paid subscriptions across all of its services, compared to 330 million just a year ago.
"We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fuelled by accelerating growth from Services, Wearables and iPad," said Apple CEO Tim Cook.
"With customers and reviewers raving about the new generation of iPhones, today's debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we're very optimistic about what the holiday quarter has in store," he said.
Apple saw a slight reduction of sales in Greater China region in the fourth quarter, down from $11.4 billion to 11.1 billion recorded a year ago.
Looking ahead, Apple forecast sales revenue of 85.5-89.5 billion in the first fiscal quarter of 2020 that ends in December, with a 37.5-38.5 per cent gross margin.
