Apple on Thursday reported its [fiscal] Q4 2017 earnings, offering a look at its performance over the last 3 months. The company absolutely crushed expectations, selling 46.7 million iPhones, up a little over a million units from the same quarter a year ago, and made $52.6 billion in revenue, up over $5 billion year-over-year. Here’s a full breakdown of the numbers.
This quarter’s numbers compared to those from Q3 2016:
- Revenue: $52.6 billion versus $46.9 billion last year, up 12%
- iPhones: 46.7 million versus 45.5 million last year, up 3%
- iPads: 10.3 million versus 9.3 million last year, up 11%
- Macs: 5.4 million versus 4.8 million last year, up 10%
And here are some comments from Tim Cook and Apple CFO Luca Maestri:
“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 year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter,” said Luca Maestri, Apple’s CFO. “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”
Apple will be starting its conference call shortly, so stay tuned for more highlights from their Q4 earnings.