Apple posts all-time record quarterly revenue

Apple posts all-time record quarterly revenue

Apple has announced record financial results for its fiscal Q1 2017.

The company posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36 for the period ending December 31, 2016. This compares to revenue of $75.9bn and earnings per diluted share of $3.28 in the same period last year. International sales accounted for 64% of the quarter’s revenue.

“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,” said Tim Cook, Apple’s CEO. “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”

“Our outstanding business performance resulted in a new all-time record for earnings per share, and over $27 billion in operating cash flow,” added Luca Maestri, Apple’s chief financial officer. “We returned nearly $15 billion to investors through share repurchases and dividends during the quarter, bringing cumulative payments through our capital return program to over $200 billion.”

Apple is forecasting revenue between $51.5bn and $53.5bn for its fiscal 2017 second quarter.

subscribe link free-trial link

follow us...