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Apple today announced financial results for the third fiscal quarter of 2017, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, compared to revenue of $42.4 billion and net quarterly profit of $7.8 billion, or $1.42 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 38.5 percent compared to 38 percent in the year-ago quarter, with international sales accounting for 61 percent of revenue. Apple also declared a quarterly dividend payment of $0.63 per share, payable on August 17 to shareholders of record as of August 14.

Screen-Shot-2017-08-01-at-4.36.03-PM.jpg

Apple sold 41 million iPhones during the quarter, up slightly from 40.4 million a year earlier, while Mac sales rose slightly to 4.29 million units from 4.25 million units in the year-ago quarter following the introduction of a number of updated Macs in June.

iPad sales saw a significant increase on the strength of new iPad Pro models released late in the quarter and a low-cost iPad earlier in the year, rising to 11.42 million from 9.95 million. iPad unit sales were up 28 percent compared to the previous quarter and 15 percent year-over-year.
"With revenue up 7 percent year-over-year, we're happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue," said Tim Cook, Apple's CEO. "We hosted an incredibly successful Worldwide Developers Conference in June, and we're very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall."
Apple's guidance for the fourth quarter of fiscal 2017 includes expected revenue of $49-52 billion and gross margin between 37.5 and 38 percent.

Screen-Shot-2017-08-01-at-4.36.10-PM.jpg

Apple will provide live streaming of its fiscal Q3 2017 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

A complete transcript of the conference call with Apple CEO Tim Cook and CFO Luca Maestri, including questions and answers, is available ahead.

Click here to read rest of article...

Article Link: Apple Reports 3Q 2017 Results: $8.7B Profit on $45.4B Revenue, 41M iPhones, iPad Sales Up 28% Over Last Quarter
 

iansilv

macrumors 65816
Jun 2, 2007
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Apple today announced financial results for the third fiscal quarter of 2017, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, compared to revenue of $42.4 billion and net quarterly profit of $10.7 billion, or $1.85 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 38.5 percent compared to 38 percent in the year-ago quarter, with international sales accounting for 61 percent of revenue. Apple also declared a quarterly dividend payment of $0.63 per share, payable on August 17 to shareholders of record as of August 14.

Screen-Shot-2017-08-01-at-4.36.03-PM.jpg

Apple sold 41 million iPhones during the quarter, up slightly from 40.4 million a year earlier, while Mac sales rose slightly to 4.29 million units from 4.25 million units in the year-ago quarter following the introduction of a number of updated Macs in June.

iPad sales saw a significant increase on the strength of new iPad Pro models released late in the quarter and a low-cost iPad earlier in the year, rising to 11.42 million from 9.95 million. iPad unit sales were up 28 percent compared to the previous quarter and 15 percent year-over-year.Apple's guidance for the fourth quarter of fiscal 2017 includes expected revenue of $49-52 billion and gross margin between 37.5 and 38 percent.

Screen-Shot-2017-08-01-at-4.36.10-PM.jpg

Apple will provide live streaming of its fiscal Q3 2017 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference call starts at 2:00 PM Pacific - No need to refresh
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Article Link: Apple Reports 3Q 2017 Results: $8.7B Profit on $45.4B Revenue, 41M iPhones, iPad Sales Up 28% Over Last Quarter
[doublepost=1501620285][/doublepost]They almost made eighty grand...
 
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Chacocliff

macrumors 6502a
Oct 22, 2014
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That must of been why it was so hard to find an new 12.9" iPad Pro this summer.
 

LordVic

Cancelled
Sep 7, 2011
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a GOOD stable quarter. Nothing remarkable either up or down. stayed the course and kept valumes and expectations on par with recent experiences.

Good showing on today's financials.
 
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agsystems

macrumors 65816
Aug 1, 2013
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iPhone is really taking over
you think? with all the talk about iPhone 8 (or whatever) you would think nobody will be buying ANY phones - in fact, their guidance for next quarter will include "old" phone and maybe 1-2 weeks of new phones.
 

RamGuy

macrumors 65816
Jun 7, 2011
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Norway
Hopefully Apple takes note from this. The iPad has been great from day one, but it was really starting to get long in the tooth without any major refinements for a while other than incremental hardware upgrades. As soon as Apple decided to actually improve the screen-to-body ratio, give us a 120Hz display and some other noticeable upgrades people started buying.

Having a lower cost model also makes a lot of sense at many people use their iPad's as a secondary device. Even though they might love their iPad many people can't convince themselves into paying a premium price for what is a secondary "luxury" device. So have a cheaper option is a great thing to offer to everyone who has a hard time spending a lot of money for a new iPad. It's also a great devices for younger users who love to watch Netflix and play games (iOS has a much better library of games with much more consistent performance compared to the competition) so having something cheaper for parents to give to their kids is smart.
 
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