Friday, November 3rd 2017

Apple Reports Fourth Quarter Results

Apple today announced financial results for its fiscal 2017 fourth quarter ended September 30, 2017. The Company posted quarterly revenue of $52.6 billion, an increase of 12 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.07, up 24 percent. International sales accounted for 62 percent of the quarter's revenue.

"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."

Apple is providing the following guidance for its fiscal 2018 first quarter:
  • revenue between $84 billion and $87 billion
  • gross margin between 38 percent and 38.5 percent
  • operating expenses between $7.65 billion and $7.75 billion
  • other income/(expense) of $600 million
  • tax rate of 25.5 percent
Apple's board of directors has declared a cash dividend of $0.63 per share of the Company's common stock. The dividend is payable on November 16, 2017 to shareholders of record as of the close of business on November 13, 2017.

Apple will provide live streaming of its Q4 2017 financial results conference call beginning at 2:00 p.m. PDT on November 2, 2017 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
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6 Comments on Apple Reports Fourth Quarter Results

#1
StrayKAT
It's insane.. and they did it without the help of Macs (I was once an Apple fan btw.. but this was when they were a computer company).

"iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV"

They don't even mention Macs. Heh. Funnily the new iMac is going to have a Vega in it, I think.
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#2
Prima.Vera
Funny thing is that nobody actually is buying iPhone8. All the sheeple are jumping directly to the iPhone X wagon.
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#3
cryohellinc
Please explain to me why you need iPhone X.

Still on my HTC one m8, and I consider it to be an expensive purchase back in the day, in all honesty why I need new one? Camera is okish, screen is nice and its a fast phone. Battery lasts nearly two days.

Why people need new phone all the time? To play games?
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#4
IceScreamer
cryohellinc said:
Please explain to me why you need iPhone X.

Still on my HTC one m8, and I consider it to be an expensive purchase back in the day, in all honesty why I need new one? Camera is okish, screen is nice and its a fast phone. Battery lasts nearly two days.

Why people need new phone all the time? To play games?
They don't need them, they just want the latest and greatest. Even though I hate to admit it, a phone is not a gadget/tool anymore, it's a status symbol.
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#5
bonehead123
StrayKAT said:
It's insane.. and they did it without the help of Macs (I was once an Apple fan btw.. but this was when they were a computer company).

"iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV"

They don't even mention Macs. Heh. Funnily the new iMac is going to have a Vega in it, I think.
Thats because they have a totally new, super duper, monster mac brewing in their labs that they don't want anyone to get wind of just yet, at least not until some jackleg low level krankpot worker decides to leak some specs or pics online somewhere......then all hell will break loose and they will have yet another overhyped, over-priced but underspec'd outside-the-box design desktop rig that will be unlike anything the world has ever seen :nutkick:

will U be ready?
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#6
john_
No matter what is our opinion for Apple, it's amazing how much money they make and how they continue beating revenue and profit expectations almost constantly. And this time they did it without their best model on the market, with people probably saving money to go out and throw $1000 on an iPhone X.
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