Apple Announces Fourth Quarter FY2017 Results

Nov

3

2017

Apple has just released its fourth-quarter results for the fiscal year 2017 ending September 30, 2017. The company posted quarterly revenue of $ 52.6 billion, up 12 percent year-on-year and $ 2.07 per share, Which represented a growth in profitability of 24 percent year-on-year and $ 10.7 billion in net profit.

International sales accounted for 62 percent of the quarter’s revenue. Apple topped Wall Street analysts’ forecasts of $ 50.5 billion in revenue and $ 1.87 per share. Mobile phone sales of its iPhone, Mac and Tablet PCs were up in units Sold.

“We are delighted to report a very strong end to a significant fiscal budget for 2017, with record revenue in the fourth quarter, an annual growth for all our product categories, and the best quarter-on-year service ever, with fantastic new products including We are looking forward to a great holiday season, and with the current release of the iPhone 10, we can not be more enthusiastic as we begin to present our vision for the future with this amazing device ” .

The company said it had sold 46.7 million iPhone handsets in the quarter, up 2 percent year-on-year, with sales outpacing analyst estimates of 46.1 million phones and 45.5 million iPhone handsets sold in the same quarter last year, The number of devices sold from tablets to tablets reached 10.3 million, an increase of 11 percent year-on-year.

It also announced that it could sell 5.3 million Mac computers, an increase of 10 percent year-on-year. Revenues for the other product category rose 36 percent year-on-year to $ 3.2 billion, including Apple TV, Apple Watch, Beats and iPod products Apple’s brand mark and third party accessories.

The service category, which includes store revenue, music services, AppleCare and Apple Pay, has generated up to $ 8.5 billion in revenue. California-based Cupertino now has $ 268.9 billion in cash, with a market value of $ 900 billion, Which means that it is approaching steady steps of market capitalization of one trillion dollars.

The company expected revenues of $ 84-87 billion in the first quarter of fiscal year 2018, with a gross profit margin of 38 percent to 38.5 percent and operating expenses of $ 7.65 billion to $ 7.75 billion, with a 25.5 percent tax rate .

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