Apple Reports 4Q 2017 Results
Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2017.
For the quarter, Apple posted revenue of billion and net quarterly profit of billion, or per diluted share, compared to revenue of billion and net quarterly profit of billion, or per diluted share, in the year ago quarter. The revenue and earnings per share numbers were company records for the fourth fiscal quarter, although the total profit fell short of the 2015 figure.
Gross margin for the quarter was 37.9 percent, compared to 38 percent in the year ago quarter, with international sales accounting for 62 percent of revenue. Apple also declared an upcoming dividend payment of per share, payable November 16 to shareholders of record as changer coque iphone 6 of November 13.
For the quarter, Apple sold 46.7 million iPhones, up from 45.5 million in the year ago quarter. iPad sales were up to 10.3 million from 9.3 million in the fourth quarter of 2016, and coque iphone 5 stitch Mac sales rose to 5.4 million from 4.9 million.
For the full fiscal year, Apple generated billion in sales with billion in net income, up from billion in sales and billion in net income for fiscal 2016.”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,” said Tim Cook, Apple’s CEO. “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 coque iphone 5s pogba more excited as we begin to deliver our vision for the future with this stunning device.”Apple’s guidance for the first quarter of fiscal 2018 includes expected revenue of billion and gross margin between 38 and 38.5 percent.
Apple will provide live streaming of its fiscal Q4 2017 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.
A complete transcript of Apple’s fourth quarter earnings call is coque iphone xr case force ahead.
Good afternoon and thanks to everyone for joining us. As we close the books on a very successful fiscal 2017, I have to say I couldn’t be more coque iphone comme des garcons excited about Apple’s future.
This was our biggest coque iphone xr noir basket year ever in most parts of the world, with all time record revenue in the United States, Western Europe, Japan, Korea, the Middle East, Africa, Central and Eastern Europe, and Asia. We had a particularly strong finish this year, generating our highest September quarter revenue ever, as year over year growth accelerated for the fourth consecutive quarter.
Revenue was billion, above the high end of our guidance range, and up 12 percent over last year. We generated revenue growth across all of our product categories, and showed all time record results for our services business. coque iphone As we expected, we returned to growth in Greater China, with unit growth and market share gains for iPhone, iPad, and Mac. In fact, it was an all time record quarter for Mac sales in mainland China, as well as an all time high for services revenue. And revenue from emerging markets outside Greater China was up 40 percent, with great momentum in India, where revenue doubled year over year. goed samsung hoesje We also had great results in enterprise and education, with double digit growth in worldwide customer purchases of iPad and Mac in both markets. Gross margin for the September quarter was at the high end of our guidance range, and thanks to exceptional work by our teams, we generated record fourth quarter earnings per share of up 24 percent from a year ago.
iPhone sales exceeded our expectations. In the last week and a half of September, we began shipping iPhone 8 and iPhone 8 Plus to customers in more than 50 countries. They instantly became our two most popular iPhone models, and have been every week since then. As we speak, the coque iphone 6 a personnaliser launch of iPhone X is now underway, as stores open across Australia and Asia. iphone case iPhone X is packed with innovative, new technologies that chart our path for the next decade. Technologies like the TrueDepth camera system, Super Retina Display, and A11 Bionic chip with neural engine, which has been in development for years with a focus on deep machine learning. iPhone X enables totally new experiences, like unlocking your iPhone with Face ID, taking photos with studio quality lighting effects, or playing immersive augmented reality games. We can’t wait for people to experience our vision of the future. Orders have already been very strong, and we’re working to get iPhone X into customers’ hands as quickly as possible.
Turning to services, revenue reached an all time quarterly record of billion in the September quarter. A few quarters ago, we established a goal of doubling our fiscal 2016 services revenue of billion by the year 2020, and we are well on our way to meeting that goal. In fiscal 2017, we reached billion, making our services business already the size of a Fortune 100 company.
We’re also delighted to report our second consecutive quarter of double digit unit growth for iPad. Customers have responded very positively to coque iphone 6 otterbox the new iPad lineup, and with coque iphone 5c rose gold the launch of iOS 11, the iPad experience has become more powerful than ever, with great new features for getting things done, like the new Dock, Files app, Drag and Drop, multitasking, and more power than most PC notebooks.
The launch of iOS 11 also made iOS the world’s largest platform for augmented reality. coque samsung There are already over coque iphone xr adhesive 1,000 apps with powerful AR features in our App Store today, with developers creating amazing news experiences in virtually every category of apps, aimed at consumers, students, and business users alike. Simply, we believe AR is going to change the way we use technology forever. We’re already seeing things that will transform the coque iphone integrale way you work, play, connect, and learn. iphone 11 pro max hoesje For example, there are AR apps that let you interact with virtual models of everything you can imagine, from the human body to the solar system. And of course, you experience them like they’re really there. Instantly, education becomes much more powerful, when every subject comes to life in 3D. And imagine shopping, when you can place an object in coque iphone xr mickel kors your living room before you make a purchase. Or attending live sporting events, when you can see the stats coque iphone 6 silicone noir on the field. cover iphone 6 6s AR is going to change everything. iOS 11 is also allowing developers to integrate machine learning models into their apps with CoreML. cover iphone 7 Pinterest is already using CoreML to deliver fast and powerful visual search. PadMapper uses CoreML to provide intelligent features that coque iphone xr sons make it easy to find or rent your apartment. These are just a few examples. There’s so much coque iphone toulouse more to come.
Next I’d like to talk about the Mac, which had its best year ever, with the highest annual Mac revenue in Apple’s history. It was also the best September quarter ever with Mac revenue growth of 25 percent, driven by the notebook refreshes and a strong back to school season. coque iphone The Mac experience has become even better since the September launch of macOS High Sierra, with new technologies to make Mac more reliable, capable, and responsive, and lay the foundation for future innovation.
Moving on now to Apple Watch, with unit growth of over 50 percent for the third consecutive quarter, it continues to be the best selling and most loved smartwatch in the world. We began shipping Apple Watch Series 3 just six weeks ago, and customers love the new freedom of cellular. We’re very excited about the upcoming launch of the Apple Watch heart study, which will use data from Apple Watch to identify irregular heart rhythms and notify users when unusual patterns are detected. Earlier this week, we introduced watchOS 4.1, bringing 40 million songs to your wrist through Apple Music. coque samsung The combination of music streaming on Apple Music and AirPods is truly a magical experience for people on the go. We’re thrilled with the momentum of these meilleure coque iphone se products. In fact, our entire wearables business was up 75 percent year over year in the fourth quarter, and in fiscal 2017, already generated the annual revenue of a Fortune 400 company.
Late in the September quarter, we also launched Apple TV 4K, delivering a stunning cinematic experience at home. So now users around the world can watch movies and shows in 4K HDR quality and stream live sports and coque iphone rad news on the Apple TV app. There’s already a great selection of 4K HDR titles available through iTunes, and other popular video services, with many more movies and shows on the way.
We’re also very excited about the opening of Apple Michigan Avenue two weeks ago on Chicago’s riverfront. This is the first store that brings together our complete vision for the future of Apple retail, providing a welcoming place for everyone to experience our products, services, and inspiring educational programs right in the heart of their city. In addition to our very popular Today at Apple programming, which is available in all Apple Stores around the world, offering daily sessions in photography, music creation, art and design, coding, and entrepreneurship, Apple Michigan Avenue is partnering with local non profits and creative organizations to make an ongoing, positive impact in that community.
Also this quarter, we expanded our free App Development with Swift curriculum to more than 40 community colleges across the country. bijoux personnalise iphone 6 6s hoesje We’re very excited about this initiative, and we’re thrilled by the momentum we’re seeing. The schools we launched with this summer are just the beginning. Community colleges have a powerful reach into communities where education is the great equalizer, and the colleges adopting our curriculum this academic year are providing opportunity to millions of students to build apps that will prepare them for careers in software development, information technology, and much more.
We’re incredibly enthusiastic about what our teams have accomplished this year, and about all of the amazing products in our lineup. As we approach the holiday season, we expect it to be our biggest quarter ever. I’d like to thank all coque iphone star wars of our teams, our partners, and our customers for their passion, commitment, and loyalty. You’ve helped us make 2017 a sensational year.
Revenue for the September was a record billion, up 12 percent over last year. It has been great to see our growth rate accelerate in every quarter of fiscal 2017. Our terrific performance this quarter was very broad based, with revenue growth in all of our product categories for the second quarter in a row, and new September quarter revenue records in the Americas, in Europe, and in the rest of Asia Pacific segments. We were especially happy to return to growth in Greater China, where revenue was up 12 percent from a year ago, and with our momentum in India, coque iphone ferrari where revenue doubled year over year. We grew more than 30 percent in Mexico, the Middle East, Turkey, and Central and Eastern Europe. These results helped fuel overall growth of over 20 percent from emerging markets.
Gross margin was 37.9 percent, at the high end of our guidance range. coque samsung Operating margin was 25 percent of revenue, and net income was billion. coque iphone Diluted EPS were up 24 percent over last year, to a new September quarter record, and cash flow operations was strong, at billion.
During the quarter we sold 46.7 million iPhones, up 3 percent over last year. We were very pleased to see double digit iPhone growth in many coque iphone 6s guess emerging markets, including mainland China, the Middle East, Central and Eastern Europe, India, and Mexico. We gained share not only in those markets, but also in Canada, Germany, France, Italy, Spain, Sweden, and Singapore, based on the latest estimates from IDC. coque huawei iPhone channel inventory increased by 1.3 million units sequentially to support the launch of iPhone 8 and 8 Plus, significantly less than the increase in the September quarter a year ago. Customer interest and satisfaction with iPhone are very strong, with both consumers and business users. Among consumers planning to buy a smartphone in the next 90 days, purchase intention for iPhone was 69 percent more than five times the rate of the closest competitor with a loyalty rate for current iPhone owners of 95 percent, compared to 53 percent for the next highest brand. For corporate smartphone buyers, iOS customer satisfaction was 95 percent, and of those planning to purchase smartphones in the December quarter, 80 percent plan to purchase iPhones. That is the highest score for iPhone in the history of the survey.
Turning to services, we set an all time quarterly record of billion, up 34 percent year over year. Our results included a favorable, one time revenue adjustment of million. iphone xr hoesje On a run rate basis, excluding this adjustment, services growth of 24 percent was terrific and the highest that we have experienced this year. coque iphone 6 phrase The App Store set a new all time record, and according to App Annie’s latest report, it continues to the be the preferred destination for customer purchases, by a wide and growing margin, generating nearly twice the revenue of Google Play. We’re getting great response to the App Store’s new coque iphone xr the 100 design in iOS 11 from both customers and developers. We’re seeing increases in the frequency of customer visits, the amount of time they spend in the store, and the number of apps they download. The success of Apple Music also continues to build, and we’re seeing our highest conversion rates coque iphone 6s or from customers trying the service. Revenue grew strongly once again in the September quarter, and the number of paid subscribers was up over 75 percent year over year. We also saw great performance from our iCloud business, with very strong double digit growth in both monthly average users and revenue. Across all of our services offerings, the number of paid subscriptions reached over 210 million at the end of the September quarter, an increase of 25 million in the last 90 days. Apple Pay expanded to Denmark, Finland, Sweden, and the UAE last month, and continues to grow rapidly. bijoux pas cher Over the past year, active users have more than doubled, and annual transactions are up 330 percent. merchant locations will be Apple Pay enabled by the end of this year.
Next, I’d like to talk about the Mac, which for fiscal 2017 set a new all time revenue record of billion. We sold 5.4 million Macs coque iphone 6 minnie during the September quarter, up 10 percent over last year, and gained significant market share as the global market contracted by one percent, according to IDC’s latest estimate. This performance was fueled primarily by great demand for MacBook Pro, and Mac revenue grew 25 percent to a new September quarter record. bijoux pas cher We had outstanding results all around the world in each of our geographic segments, growing Mac revenue by 20 percent or more. iphone xs max hoesje We were also very happy with the success of Mac in the education market, where customer purchases grew double digits year over year.
It was also another great quarter for iPad we sold 10.3 million units up 11 percent over last year, with strong demand for both iPad and iPad Pro, and revenue grew 14 percent. It was great to see iPad unit and revenue growth in all of our geographic segments, and particularly strong results in emerging markets, including Greater China, where iPad unit sales were up 25 percent year over year, and India, which grew 39 percent. coque iphone tablet market in the September quarter, including seven of the best 10 selling tablets. coque iphone That’s up from 47 percent share a year ago. Also, the most recent surveys from 451 Research measured customer satisfaction rates of 97 percent across iPad models.