Sunday, September 25, 2022
Archived Post

Apple revenue is up 12% for the fiscal fourth quarter

Apple has announced the financial results for its fiscal 2017 fourth quarter that ended Sept. 30 — with revenues beating the Street’s estimate by $1.81 billion.

The tech giant posted quarterly revenue of $52.6 billion, an increase of 12% from the year-ago quarter, and quarterly earnings per diluted share of $2.07, up 24%. International sales accounted for 62% of the quarter’s revenue. This was Apple’s best fiscal fourth quarter results ever.

The Americas accounted for 13% of the company’s revenue, Europe 22%, Greater China 22%, Japan 6%, and the rest of Asia Pacific 3%. Those are year-over year changes of plus 14%, plus 20%, plus 12%, -11%, and 5%, respectively.

“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,” CEO Tim Cook said in a press release. “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 earnings per share growth of 24% in the September quarter,” added Chief Financial Officer Luca Maestri. “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”

Apple’s services category set an all-time quarterly revenue record of just over $8.5 billion. The category includes the App Store, iTunes Store, Apple Music, Apple Pay, AppleCare, licensing fees, and more.

Apple is providing the following guidance for its fiscal 2018 first quarter:

  • Revenue between $84 billion and $87 billion;
  • Gross margin between 38% and 38.5%;
  • Operating expenses between $7.65 billion and $7.75 billion;
  • Other income/(expense) of $600 million;
  • A tax rate of 25.5%.

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 Nov. 16, 2017 to shareholders of record as of the close of business on Nov. 13, 2017.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.