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Apple's revenue for the quarter was $ 88.3 billion, up 13% from a year earlier, while net income per share for the period was $ 3.89, showing a 16% increase. International sales accounted for 65 percent of quarterly revenue.
"We are very pleased to announce that this quarter Apple is demonstrating the largest revenue growth in the company's history, including the new iPhone line. The iPhone X has surpassed our expectations, having been the weekly best selling iPhone since its delivery in November," said Tim Cook, CEO of Apple. - We also reached an important point - the number of active devices in January was 1.3 billion. This is an increase of 30% in just two years, which is evidence of the popularity of our products and the loyalty of our users."
Apple reported a 1% drop in iPhone sales. The company sold 77.3 million devices in the quarter, which ended in December 2017. Sales of smartphones brought the company $ 61.6 billion, which is 13% more than a year earlier.
"Thanks to outstanding operational and business results, we set a new profitability record for the quarter for the entire history, with earnings per share growth of 16 percent," said Luca Maestri, chief financial officer of Apple. "We secured stable cash flow performance from operations in the amount of $ 28.3 billion, and also returned $ 14.5 billion to our investors in the capital return program."
Counterpoint analysts say that over the last quarter in the US Apple managed to increase the share to 44%, which is a record for the company in its home market. The company managed to increase sales in annual terms by almost 20%, while the market as a whole grew by only 2%.
Apple’s forecasts for the second quarter of 2018 fiscal year:
Revenue from $ 60 billion to $ 62 billion
Gross quarterly profit at the level of 38 percent to 38.5 percent
Operating expenses of $ 7.6 billion to $ 7.7 billion
Other income / (expenses) of $ 300 million
Tax deductions of 15 percent
Analysts had expected a revenue forecast of about $ 65 billion. Following the closing of the main session on the NASDAQ, Apple shares first fell 1.3%, and then showed growth of 2.6%, to $ 172.5.
Apple's board of directors announced a dividend payment of $ 0.63 per share. Dividends will be paid on February 15, 2018 to the current shareholders at the time of closing the register at the end of the day on February 12, 2018.
source: bloomberg.com
"We are very pleased to announce that this quarter Apple is demonstrating the largest revenue growth in the company's history, including the new iPhone line. The iPhone X has surpassed our expectations, having been the weekly best selling iPhone since its delivery in November," said Tim Cook, CEO of Apple. - We also reached an important point - the number of active devices in January was 1.3 billion. This is an increase of 30% in just two years, which is evidence of the popularity of our products and the loyalty of our users."
Apple reported a 1% drop in iPhone sales. The company sold 77.3 million devices in the quarter, which ended in December 2017. Sales of smartphones brought the company $ 61.6 billion, which is 13% more than a year earlier.
"Thanks to outstanding operational and business results, we set a new profitability record for the quarter for the entire history, with earnings per share growth of 16 percent," said Luca Maestri, chief financial officer of Apple. "We secured stable cash flow performance from operations in the amount of $ 28.3 billion, and also returned $ 14.5 billion to our investors in the capital return program."
Counterpoint analysts say that over the last quarter in the US Apple managed to increase the share to 44%, which is a record for the company in its home market. The company managed to increase sales in annual terms by almost 20%, while the market as a whole grew by only 2%.
Apple’s forecasts for the second quarter of 2018 fiscal year:
Revenue from $ 60 billion to $ 62 billion
Gross quarterly profit at the level of 38 percent to 38.5 percent
Operating expenses of $ 7.6 billion to $ 7.7 billion
Other income / (expenses) of $ 300 million
Tax deductions of 15 percent
Analysts had expected a revenue forecast of about $ 65 billion. Following the closing of the main session on the NASDAQ, Apple shares first fell 1.3%, and then showed growth of 2.6%, to $ 172.5.
Apple's board of directors announced a dividend payment of $ 0.63 per share. Dividends will be paid on February 15, 2018 to the current shareholders at the time of closing the register at the end of the day on February 12, 2018.
source: bloomberg.com
