Apple Earns $47 Billion in Revenue, Sells 45 Million iPhones in Three Months

Apple today announced financial results for its fiscal 2016 fourth quarter. The company posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion. These results compare to revenue of $51.5 billion and net income of $11.1 billion in the year-ago quarter.

During those three months, Apple sold 45.5 million iPhones, 9.3 million iPads, and 4.9 million Macs. Once again Apple did not reveal Watch sales—opting to roll them into “services” revenue—but we doubt they were impressive.

“Our strong September quarter results cap a very successful fiscal 2016 for Apple,” said Tim Cook, Apple’s CEO. “We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record.”

“We are pleased to have generated $16.1 billion in operating cash flow, a new record for the September quarter,” said Luca Maestri, Apple’s CFO. “We also returned $9.3 billion to investors through dividends and share repurchases during the quarter and have now completed over $186 billion of our capital return program.”

For the holiday season, Apple expects revenue up to $78 billion.

https://borndigital.com/2016/10/19/new-macs-apple

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Apple Sells Record 44 Million iPhones in Three Months, Rakes in $46 Billion in Revenue

Apple this afternoon shocked investors by reporting quarterly earnings that exceed almost all analyst expectations.

Posting a profit margin of nearly 40%, Apple earned almost $46 billion in revenue during the last quarter, well ahead of expectations below $44 billion. The revenue came from selling nearly 44 million iPhones—far more than expected—and more than 16 million iPads—slightly fewer than expected. Additionally, Apple sold four million Macs and three million iPods.

“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

The world’s most valuable technology company also announced a 7-for-1 stock split, an increase in its share buyback, and a dividend boost.

“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” noted Peter Oppenheimer, Apple’s CFO. “That brings cumulative payments under our capital return program to $66 billion.”

Apple expects to generate revenues of up to $38 billion during the next quarter.

 

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