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The Transcript of today's Opening Statement from Apple's CEO on Fiscal Q4 2017 is now available

Apple Delivers Record Q4 Revenue with 62% Revenue from International Sales

149. Apple Financials Related  Q


Today Apple 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.


Apple's CEO Tim Cook stated: "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 stated: "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."


According to CNBC, Wall Street was look for $1.87/share, $50.7 Billion Revenue and 46 million iPhone unit sales which Apple beat across the board. Apple forecasted revenue between $49 - $52 billion and Apple came right in the middle.


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.



3 condensed statement of opererations


AAPL After Conference Call


5 aapl chart

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