Apple Q4 2016 Earnings: Sold 45.5M iPhones, 9.2M iPads, 4.8M Macs, Made $9B In Profit
Apple has just announced its latest quarterly results at its Q4 2016 earnings call, with the company having a typically successful three months running from July through September.
Having made the accounts public via conference call today, the company confirmed that it posted revenue of $46.9 billion during its fiscal 2016 fourth quarter, ending September 24, 2016. Apple’s previous guidance for the period was somewhere between $45.5 billion and $47.5 billion.
With a quarterly net profit of $9 billion, Apple shifted 9.2 million iPads, 45.5 million iPhones, and 4.8 million Macs during the quarter. Compared to this time last year’s results of $11.1 billion profit, 48 million iPhones, 9.9 million iPads and 5.7 million Macs it’s fair to say volume is down, but Apple isn’t too concerned. In fact, CEO Tim Cook is positively beaming.
“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’s also returned over $9 billion to investors, which is a lot. Records were also beaten when it comes to operating cash flow too, with Apple’s CFO Luca Maestri was equally pleased by.
“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.”
So where next? Apple has announced its guidance for the first quarter of fiscal 2017, and with revenue between $76 billion and $78 billion expected, that Scrooge McDuck-like pile of money Apple is already sitting on looks set to get even larger.