Apple Q4 2016: 45.5 Million iPhones Sold, $46.9 Billion in Revenue
It’s that time of year again: Apple has reported its fiscal fourth-quarter earnings, a report surrounded by various estimates projecting a year-over-year decline in iPhone sales and revenue for the third consecutive quarter.
The numbers are in: Apple reported the sale of 45.5 million iPhones, and sales generated a net profit of $9 billion, according to the earnings release.
Apple’s fiscal fourth quarter by device sales:
– 45.5 million iPhones
– 9.2 million iPads
– 4.8 million Mac computers.
“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.”
Apple provided guidance for September-quarter revenue of between $45.5 billion and $47.5 billion, lower than the $51.5 billion the company reported in the same quarter a year ago. Analysts agree on $47 billion in revenue, which is at the higher end of the Apple guidance, according to an earnings-estimate roundup compiled by Philip Elmer-DeWitt.
Apple is providing the following guidance for its fiscal 2017 first quarter:
• revenue between $76 billion and $78 billion
• gross margin between 38% and 38.5%
• operating expenses between $6.9 billion and $7 billion
• other income/(expense) of $400 million
• tax rate of 26%.