Apple Reports Strong Q4 2017 Results: $52.6B revenue

Apple has announced its financial results for Q4 of 2017, in which the company reports strong growth in terms of sale and revenue. According to Apple, the company posted quarterly revenue of $52.6 billion, with a healthy 12 percent increase from year-ago quarter. Apple says 62 percent of its sales came from international markets.

This quarter’s numbers compared to those from Q3 2016:

  • Revenue: $52.6 billion versus $46.9 billion last year, up 12%
  • iPhones: 46.7 million versus 45.5 million last year, up 3%
  • iPads: 10.3 million versus 9.3 million last year, up 11%
  • Macs: 5.4 million versus 4.8 million last year, up 10%

Apple has also shared interesting figures related to the iPhone in Q4, which included the release of new models such as iPhone 8 and iPhone 8 Plus. The company says it has sold over 46.7 million units of iPhones compared to 45.5 million from Q4 2016, seeing a growth of 3 percent.

Sales of other products saw an increase too, with the company selling 10.3 million iPads, compared to 9.3 million in Q4 2016, experiencing a growth of 1 million units. Mac sales also saw a growth increasing from 4.9 million in Q4 2016 to 5.4 million units sold in Q4 2017.

And here are some comments from Tim Cook and Apple CFO Luca Maestri:

“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.”

Just like previous years, Apple has not revealed information on units sold for products in its ‘Other’ category, which consists of Apple Watch, Apple TV, iPod touch, Beats products, accessories etc.

For the whole fiscal year 2017, Apple generated a net income of $48.4 billion with $229.2 billion in sales. This is up from $45.7 billion in net income and $215.6 billion in sales that company reported last year.

With iPhone X sales going strong and the holiday quarter coming up, Apple is expected to have an expected revenue of $84-87 billion with 38 to 38.5 percent gross margin.

Source: Apple

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