Apple reported a record quarter to 78.3 million iPhones, revenue of $78.4 billion, profit of $17.9 billion
Apple has announced financial results for the first quarter of the 2017 financial year ended 31 December 2016. Revenue for the three months totaled a record $78.4 billion, and net income of $17.9 billion. Such data are contained in the report Apple submitted by 1 February.
According to the report, Apple’s revenue for the quarter was $78.4 billion, or US $3,36 per share. For comparison, the income of the company for the same quarter of the previous year was $75.9 billion, or us $3.28 per share. International sales accounted for 64% of the quarter’s revenue.
Amid falling smartphone market share and the slowing Chinese economy, experts did not expect from Apple some achievements. However, the company showed sales growth of the iPhone. Apple reported to 78.3 million iPhones, 13 million iPads, 5.3 million Macs. For comparison, a year earlier in the same quarter of iPhone sales was $ 74.8 million, iPad sales to 16.1 million Mac 5.3 million
“We’re looking to announce that over the holiday quarter, we managed to record revenue in Apple’s history, breaking several records during this period. We sold the largest number of iPhones than ever before, and also received record revenue in the categories of iPhone, services, Mac and Apple Watch, said Apple CEO Tim cook. — The growth of our business services accelerated considerably compared to the previous year, which was preceded by a record of user activity in the App Store. We are also very pleased which products represented in our product line”.
“The highest results of our business contributed to setting a new record in earnings per share, providing cash flow from operations of over $27 billion, said Luca Maestri, CFO of Apple. We returned approximately $ 15 billion of cash to shareholders in the form of dividends and through share repurchase, and total payments under our capital return program amounted to over 200 billion dollars.”
Predictions of Apple for the second quarter of the 2017 financial year: income from 51.5 billion to 53.5 billion, a quarterly gross profit from 38% to 39%, operating expenses between $6.5 billion to $6.6 billion, other income/(expenses) in the amount of $400 million, tax revenues of 26%.
Apple’s Board of Directors has declared a cash dividend of $0.57 per share.