Apple (NASDAQ: AAPL) Q4 2017 Earnings: Expectations Crushed With 12% Higher Revenue and Better Sales in All Segments
Apple has announced its Q4 2017 earnings call and the company will be rejoicing over beating not just expectations but managed to increase the sales of its iPhones, iPads, and Macs when compared to the same quarter last year.
Apple Rakes $10.7 Billion Profit Thanks to $52.6 Billion in Revenue – Mac and iPad Sales Also Accounted for This Profit Jump
Apple’s Q4 2017 earnings registered a total of 46.7 million iPhones sold coupled with 10.3 million iPads and 5.4 million Macs. Though the revenue currently stands at $52.6 billion, which is up over $5 billion year-over-year, the tech giant has provided a revenue forecast in between the $84-$87 billion range, which we believe will be thanks to the increased number of iPhone X sales.
Given below we have provided a comparison of the company’s growth while providing the financial results from Q3 2016.
- Revenue: $52.6 billion against $46.9 billion last year, up 12 percent
- iPhones: 46.7 million against 45.5 million last year, up 3 percent
- iPads: 10.3 million against 9.3 million last year, up 11 percent
- Macs: 5.4 million against 4.8 million last year, up 10 percent
Tim Cook, Apple’s CEO praises new products such as the iPhone 8, iPhone 8 Plus, Apple Watch Series 3, Apple TV 4K and of course the bezel-less iPhone X for contributing to this revenue generation.
“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. 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.”
Luca Maestri, Apple’s CFO had this to say about the company’s growth when comparing it to last year’s quarter.
“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. We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”
Do you think Apple’s revenue forecast for the next quarter will be able to hit the $84-87 billion range thanks to the iPhone X? Tell us your thoughts down in the comments.