Nov 2, 2017

Apple Reported Its FY17 Q4 Earnings: $52.6B In Revenue, Sold 46.7M iPhones, 10.3M iPads, And 5.4M Macs

Apple has announced its FY17 Q4 earnings, during the period, the company sold 46.7M iPhones, 10.3M iPads, and 5.4M Macs, made $52.6 billion in revenue and 10.7 billion profit. Compare same quarter a year ago, Apple reported $46.9 billion in revenue, $9 billion in profit, 45.51 million iPhones sold, 9.28 million iPads sold, and 4.89 million Macs sold.


For the quarter, Apple sold 46.7 million iPhones, up from 45.5 million in the year-ago quarter. iPad sales were up to 10.3 million from 9.3 million in the fourth quarter of 2016, also Mac sales rose to 5.4 million from 4.9 million. As for Gross margin, the quarter was 37.9 percent, compared to 38 percent in the year-ago quarter.

“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Tim Cook, Apple’s CEO. “With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

“Apple’s year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter,” said Luca Maestri, Apple’s CFO. “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”

It's worth to noting that because iPhone X only became available for pre-order last Friday, so it won’t appear in today’s results. Apple is also providing the guidance for its fiscal 2018 first quarter, includes revenue between $84 billion and $87 billion, gross margin between 38 percent and 38.5 percent.

Via MacRumors And 9to5Mac, Image Credit Seeking Alpha

Post a Comment

Favourite Category

...
Click to see more!

Whatsapp Button works on Mobile Device only