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.
AAPL After Conference Call
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