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#Post#: 6--------------------------------------------------
Cook: Apple Card users can buy iPhone without interest for 24 pe
riods
By: carolineking Date: October 31, 2019, 2:46 am
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Apple inc. (aapl) announced its fiscal fourth quarter 2019
results today, and CEO Tim Cook revealed on an earnings call
that Apple will offer a zero-interest iPhone purchase service
through Apple Card, which will allow users to manage their
iPhone payments through Apple Card. Later this year, Apple Card
users will be able to purchase iphones for 24 periods without
interest and receive a 3 percent cash back.
For the first time in its history, cook said the U.S. market had
more than $100 billion in revenue in fiscal 2019. The iPhone 11
is the best-selling iPhone, with the APP Store, Music and
payment services all hitting record highs. Wearables like
AirPods, Watch and Beat are selling well.
"We completed a groundbreaking fiscal year with the highest
fiscal fourth quarter revenue in our history, driven by
accelerated growth in services, wearables and ipads," cook said.
With consumers and critics enthusiastically embracing the new
iPhone, today's new noise-canceling AirPods Pro, the highly
anticipated Apple TV+ service coming out in two days, and the
best lineup of products and services in our history, we are very
optimistic about the outlook for the holiday shopping season."
According to the report, apple's fiscal fourth quarter revenue
was $64.04 billion, up 2% from $62.90 billion in the same period
last year. Net profit was $13.686 billion, down 3% from $14.125
billion a year earlier. Revenue from greater China fell 2% to
$11.134 billion in the fiscal fourth quarter from $11.411
billion a year earlier.used iPhones
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