Apple Reports 4Q 2017 Results: $10.7B Profit on $52.6B Revenue, 46.7M iPhones

[MacRumors]

Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2017.

For the quarter, Apple posted revenue of $52.6 billion and net quarterly profit of $10.7 billion, or $2.07 per diluted share, compared to revenue of $46.9 billion and net quarterly profit of $9 billion, or $1.67 per diluted share, in the year-ago quarter. The revenue and earnings per share numbers were company records for the fourth fiscal quarter, although the total profit fell short of the 2015 figure.

Gross margin for the quarter was 37.9 percent, compared to 38 percent in the year-ago quarter, with international sales accounting for 62 percent of revenue. Apple also declared an upcoming dividend payment of $0.63 per share, payable November 16 to shareholders of record as of November 13.

For the quarter, Apple sold 46.7 million iPhones, up from 45.5 million in the year-ago quarter. iPad sales were up to 10.3 million from 9.3 million in the fourth quarter of 2016, and Mac sales rose to 5.4 million from 4.9 million.

For the full fiscal year, Apple generated $229.2 billion in sales with $48.4 billion in net income, up from $215.6 billion in sales and $45.7 billion in net income for fiscal 2016.

"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 guidance for the first quarter of fiscal 2018 includes expected revenue of $84-87 billion and gross margin between 38 and 38.5 percent.

Apple will provide live streaming of its fiscal Q4 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 Apple's fourth quarter earnings call is ahead.

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Article Link: Apple Reports 4Q 2017 Results: $10.7B Profit on $52.6B Revenue, 46.7M iPhones

 

[KPOM]

Great quarter and spectacular forecast. Apple is the first $900 billion company.

 

[macgabe]

Nice

 

[BeefCake 15]

Fire Cook!

 

[mi7chy]

CFO used calc app to determine 1+2+3=24.

 

[MuGeN PoWeR]

Great quarter and spectacular forecast. Apple is the first $900 million company.

Billion*

 

[craigmak]

I’m pretty sure their market cap just went over 900 Billion. Way to go Tim!

 

[DocMultimedia]

Thanks. My AAPL is happy.

 

[KPOM]

Billion*

Fixed. Thanks.

 

[Dirtydutch]

Without the X also

 

[realeric]

Apple is doomed. Greedy. Lower the iPhone X price !!!

 

[TimeSquareDesi]

Wow, with all that money they earned, they might be able to buy an iPhone X! Smashing!

 

[RickInHouston]

Doomed!

Tired. Very tired.

But the stock is flying!

 

[Andres Cantu]

I’m glad this will prove all the doubters wrong.

 

[s15119]

DOOMED. Doomed I tell you. Ok, just kidding, Apple is one of the most successful companies in the history of the world. They do this because they make incredible, long last products that people love using and that hold their value. Amazing!

 

[Carnegie]

I'm curious to see what the channel build for iPhones was. They beat last years' iPhone units (sell-in) number by more than a million and last year saw a significant channel build. If they beat last years' sell-through number by, say, 2 million, that would be quite impressive considering the effect that the upcoming iPhone X might have had on demand.

 

[BvizioN]

I’m glad this will prove all the doubters wrong.

I tend to call them haters, rather then doubters.

 

[djcerla]

Firing on all cylinders.

So much for the “iPhone 8 flop”.

 

[VulchR]

Anybody else find it disturbing that Apple's services are bringing so much revenue given the very high costs of their hardware?

 

[spiddyman007]

Fire Cook!

stink meaner..

 

[boast]

10 billion in profit... WOW

 

[SXR]

The conference call isn't live for me yet

 

[tito2020]

Great quarter and spectacular forecast. Apple is the first $900 billion company.

microsoft is look at your facts before posting

 

[44267547]

Anybody else find it disturbing that Apple's services are bringing so much revenue given the very high costs of their hardware?

Not at all. I Call that continued growth and success. Nothing disturbing about that at all.

 

[Iconoclysm]

I tend to call them haters, rather then doubters.

I like to call them idiots.