Apple’s Q4 report shows increased revenues, but stocks fall following disappointing guidance

Apple on Thursday released its earnings report for the fourth quarter ending on September 30. Overall revenue reached $62.9 billion, marking a 20 percent boost from the year-ago quarter, and quarterly earnings per diluted share amounted to $2.41, marking a 41 percent increase.International sales played a big role in this success story, as they were responsible for 61 percent of Apple’s revenue. This was a led by a 34 percent increase in revenue from Japan and by a 22 percent increase from the rest of east Asia.While there was plenty of good news, Apple stock fell by 7.3 percent in after-hours trading. That’s enough to bring it below its famous $1 trillion valuation, particularly if it stays that way through the night.To read this article in full, please click here