Revenue for the quarter that ended in September was US$62.9 billion, up 20% from that recorded a year earlier, with international sales responsible for 61%. Earnings per diluted share were up 41% to US$2.91.
But the company forecast revenue of between US$89 billion and US$93 billion for the first quarter that ends in December, with the midpoint below the US$93 billion forecast by analysts, Reuters reported.
Also contributing to the fall in the share price was a statement from the company that in future it would not provide a breakout of devices sold.
Cook said the forecast for the coming quarter was partly due to the fact that the new iPhone models were released in the fourth quarter. Foreign exchange rates were also blamed, with a fall of about US$2 billion attributed to this factor.
“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our two billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history,” said Cook.
“Over the past two months, we’ve delivered huge advancements for our customers through new versions of iPhone, Apple Watch, iPad and Mac as well as our four operating systems, and we enter the holiday season with our strongest lineup of products and services ever.”
Apple chief financial officer Luca Maestri said: "We concluded a record year with our best September quarter ever, growing double digits in every geographic segment. We set September quarter revenue records for iPhone and Wearables and all-time quarterly records for Services and Mac.
“We generated US$19.5 billion in operating cash flow and returned over US$23 billion to shareholders in dividends and share repurchases in the September quarter, bringing total capital returned in fiscal 2018 to almost US$90 billion.”
Apple provided the following guidance for its fiscal 2019 first quarter:
- revenue between US$89 billion and US$93 billion;
- gross margin between 38% and 38.5%;
- operating expenses between US$8.7 billion and US$8.8 billion;
- other income/(expense) of US$300 million; and
- tax rate of approximately 16.5% before discrete items.