Apple has just released its financial report for its fiscal 2017 first quarter ended 31 December 2016, and it looks like the company has been doing very well for the past couple of months. Apple posted all-time record quarterly revenue of US$78.4 billion (RM347.39 billion) and all-time record quarterly earnings per diluted share of US$3.36 (RM14.89). These results sees an increase of 3% and 2.4% respectively compared to the same quarter last year.
These results are pretty impressive, especially when you compare it to the company’s financial report for the previous quarter, which saw its first revenue decline since 2001. In its Q1 2017 report, not only is Apple seeing its highest quarterly revenue ever, it also set all-time record for iPhone, Services, Mac and Apple Watch.
“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.” – Tim Cook, CEO of Apple.
In Q1 2017, Apple sold 78.3 million iPhone devices, an increase of 72% compared to Q4 2016 and 4.7% compared to Q1 2016. Sales of Mac computers also increased to 5.37 million units sold in Q1 2017, compared to 4.89 million units in Q4 2016, and 5.31 million units in the same quarter last year. Apple also sold 13.1 million iPads, up 41% compared to last quarter, and down 19% compared to Q1 2016.
Revenue for services is US$7.17 billion, an increase of 13% and 18% respectively, while revenue for other products is US$4.02 billion, up by 70% and down by 8% respectively. Other products refer to sales of Apple TV, Apple Watch, Beats products, iPod and Apple-branded and third-party accessories.
With this report, Apple’s guidance for its fiscal 2017 second quarter is as follows:
- revenue between $51.5 billion and $53.5 billion
- gross margin between 38 percent and 39 percent
- operating expenses between $6.5 billion and $6.6 billion
- other income/(expense) of $400 million
- tax rate of 26 percent
Visit Apple to check out its full financial report for Q1 2017.