Apple Announces Q4 2017 Results

[Maura]

9to5 Mac reports that just as the iPhone X starts to roll out around the world, Apple has reported its Q4 2017 results, which include iPhone 8 and iPhone 8 Plus sales, but not iPhone X sales.

The figures are impressive, with Apple reporting $52.6b in revenue and $10.7b in profit, with sales of 16.7m iPhones, 10.3m iPads, and 5.4m Macs. For the next quarter, the iPhone X quarter, Apple forecasts revenue of between $84 billion and $87 billion.

These latest results compare favourably with the previous quarter sales of $45.4 billion in revenue, $8.72 billion in profit, with 41 million iPhones, 11.4 million iPads, and 4.29 million Macs sold. The year-ago quarter saw $46.9 billion in revenue, $9 billion in profit, with 45.51 million iPhones, 9.28 million iPads, and 4.89 million Macs sold.

“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.”

Source: Apple announces Q4 2017 revenue of $52.6b: 46.7m iPhones, 10.3m iPads, 5.4m Macs, next quarter guidance $84b-$87b

 

[iDan]

Glad to see Apple continue to do well!