The tech giant reported earnings of US$2.91 per share on revenue of US$62.9 billion compared with US$2.07 per share on revenue of US$52.58 billion in the previous year’s fourth quarter.
The California-based company beat Wall Street estimates of US$2.78 EPS on revenue of $61.57 billion.
Shares of Apple fell nearly 4% to US$213.15 in Thursday after-hours trading.
iPhone sales totaled 46.89 million, falling below analyst estimates of 47.5 million.
Although iPhone sales missed, the average selling price of an iPhone was US$793, above the forecast of US$750.78.
The new series of iPhones were even more expensive this time around. The iPhone XR is the lowest cost phone at US$749. The iPhone XS starts at US$999 while the cost of an iPhone XS Max starts at US$1,099.
iPad sales totaled 9.7 million, below the 10.53 million units expected by analysts.
The company sold a total of 5.3 million Macs this quarter.
Revenue from Apple’s fast-growing services segment, which includes Apple Music, Apple Care, iCloud and the App Store, reported revenue of US$9.98 billion, slightly below analyst expectations of US$10.2 billion.
Apple ended the quarter with US$237.1 billion in cash on hand.
Contact Lenore Fedow at [email protected]