Apple's Fiscal 2019 in 6 Key Metrics
Apple's (NASDAQ: AAPL) stock has soared 38% over the past 12 months. But what has investors so excited? After all, revenue fell 2% year over year in Apple's fiscal 2019, which ended on Sept. 28, 2019. On the surface, it might seem like Apple shareholders should be disappointed in this performance.
Investors' optimism for Apple stock comes down to the ongoing transformation of the tech giant's business. In fiscal 2019, Apple became less dependent on unpredictable hardware revenue as services revenue jumped. Further, fast-growing revenue from Apple's "wearables, accessories, and home" segment meant the tech company's hardware revenue is becoming more diversified, helping further mitigate some of Apple's reliance on the iPhone.
Here's a closer look at Apple's recently ended fiscal 2019.
Source Fool.com
