Apple’s Q4 2016 earnings: 45.5M iPhones and 9.3M iPads sold, revenue down to $46.9B

By , Oct 25, 2016

apple hq headquarters

Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2016, offering a look at its performance over the past 3 months. The Cupertino company came close to most of Wall Street’s expectations, selling 45.5 million iPhones, 9.3 million iPads and earning $46.9 billion in revenue. The numbers are still down year-over-year, however, as the struggle to find new growth continues.

Here are Q4 2016 numbers compared to figures from the same quarter in 2015.

  • Revenue: $46.9 billion vs. $51.5 billion, down 9%
  • iPhones: 45.5 million vs. 48.05 million, down 5%
  • iPads: 9.3 million vs. 9.88 million, down 6%
  • Macs: 4.8 million vs. 5.71 million, down 14%

Here are the comments from CEO Tim Cook and CFO Luca Maestri:

“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.”

And here is a look at all of the unaudited summary data:

q4 2016

It’s not surprising that Mac sales are down quite about year-over-year, given that Apple has offered few hardware updates since then and is widely expected to unveil new laptops this week. And its forecasts for the upcoming holiday quarter are better than Wall Street’s estimates, on the back of strong iPhone 7 demand. AAPL is currently down 2.4% in after-hours trading.

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  • NainRouge

    Very detailed article this is.

    • Rowan09

      Lol. It’s to the point.

  • therealjjohnson

    When they said sales would be down i was thinking more dramatic than these numbers are. There is only a difference on 3M iPhones. The reports of Apple’s death have been greatly exaggerated. Yet again…

    • george

      They are not growing so no it’s not. It’s time for apple to leave their safe space and start making some new products instead of relying on the iPhone.

      • therealjjohnson

        A new product like what? Phones, tablets, computers, watches…you want an entirely different product line?

      • george

        Um yeah Tim Cook has been saying they will have new products for what two years now? They have unlimited resources and will milk selling the same products until they are ashamed to show their quarterly earnings.

      • therealjjohnson

        That’s slightly ridiculous. 1) they aren’t ashamed to show quarterly earnings. That’s what this article is about. The quarter ended in September and its October now. 2) they are done for If they don’t create an entirely new product? Does anyone else have that burden of making a new product line completely or is it just Apple?

      • askep3

        Also to add to that, apple generally doesn’t make new product lines, they take an existing product and refine it and then release something better with new features!

      • george

        Why don’t they work on the iPad Pro and differentiate it from other iPads and iPhones running iOS? I have the 12.9 and would love for apple to give a shit about giving us the best experience they could possibly give us.

      • therealjjohnson

        What does that have to do with their downfall be exaggerated? I have that same 12.9in iPad Pro and I love it. What I’m not concerned with is how it can be different from someone else’s iPad. I purchased what I wanted and don’t care about the products I disnt want to buy.

      • george

        What are you smoking? If they did make the iPad Pro an actual pro tablet and add touchpad capabilities you wouldn’t think they could have growth in iPad sales?

      • george

        People have to go to crappy Chinese knockoff keyboard cases because Apples is shit and the Logitech one that they partnered up with has scratched people’s screens.

      • therealjjohnson

        I don’t know what “an actual pro tablet” means. I draw, illustrate, record a podcast, and do light video editing on it. It’s Pro enough for me. Also, if you didn’t like it then why did you buy it?

        You see how you are now talking about something that had nothing to do with my original comment?

      • george

        The only difference between the pro and the iPad Air 2 was pencil support and screen size. You are being a new level of isheep right now, can’t even criticize a company cuz you’re too far up their a$$.

      • therealjjohnson

        You’re leaving out the most important part, the speed/Processing of the iPad Pro vs the iPad Air 2. Also the data connection that allows me to connect a keyboard without having to charge the keyboard too. Im being the iSheep for liking the product i purchased? You are the real sheep if you purchased it and didnt like it to begin with since you say there is no difference between that an the iPad Air 2.

        Like I said, the reports of their demise have been greatly exaggerated.

      • askep3

        Lmao screen size matters, and also the processor is way faster

      • Rowan09

        Basically when people say Pro it means I can run a full desktop. There are only a few things that limits the iPad from doing almost everything as a desktop.

      • Blip dude

        I think he’s talking about a hybrid OS, something that will differentiate it from the rest of both mobile and “PC” lineup.

        Is the iPad Pro powerful hardware-wise?? Definitely, 200% agree, but as long as it has iOS it’s full potential will continue to be limited IMO. I don’t agree with his approach in the matter, but I do agree as an iPad owner, the OS needs to change.

        The iPad has personally replaced 80% of my computing needs and is my main device (I use it more than my iPhone), but because of iOS, I’m still stuck using a Surface 3 for the other 20%.

      • Rowan09

        No how is the surface Pro sales going? Making the iPad Pro a lab prop would just take away from the Mac. I would however like them to differentiate the Pro devices, but then you’ll hear people complaining it’s not fair.

      • Jim Hart

        Cook is just captaining a ship that was set up by Jobs.

      • Rowan09

        They are growing in services which is sustainable. It’s impossible to keep growing in subscribers at some point.

    • Rowan09

      The death of Apple is every quarter while Google isn’t nowhere as profitable but you never hear of their demise.

    • Abhinav Chaudhary

      Can say thanks to Note 7 to some extend

      • therealjjohnson

        I think that will be visible more so in the 4th quarters numbers. New iPhone 7 and issues with the Note 7 happened mid to late September which was the very end of the quarter. There should be a life October – December

  • David Gow

    Revenue ONLY down to paltry billions. Pretty damn good for three months keep up the good work !!!!!
    Now only if I would have invested year ago

    • askep3

      *shoulda invested when apple just started lol

  • CAIO MARIZ®

    This is fundamental for new future services and products
    Apple Research and Development Spending YoY
    (Express in Billions)
    https://uploads.disquscdn.com/images/4565a7cca7777dfae0658d08e5befcc82e4849289d4338542e80b7a1d5a4be7e.jpg