The ups and downs of Apple’s revenue, earnings, iPhone sales, Services and revenue from greater China.
Apple blew past expectations despite relatively soft iPhone sales (up 2.6%). Earnings per share were up 24%, revenue grew 12%, Services soared 34% (24% excluding a one-time $600 million adjustment) and Greater China returned to double digit growth (11.6%). The stock, which closed at $168.11—up 15% for the quarter, 50% for the year—popped another 3% into record territory in after-hours trading.
Below: The results in five easy, clickable charts.
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From the press release:
“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 more excited as we begin to deliver our vision for the future with this stunning device.”
“Apple’s year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter,” said Luca Maestri, Apple’s CFO. “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”
Apple is providing the following guidance for its fiscal 2018 first quarter:
• revenue between $84 billion and $87 billion
• gross margin between 38 percent and 38.5 percent
• operating expenses between $7.65 billion and $7.75 billion
• other income/(expense) of $600 million
• tax rate of 25.5 percent
Apple’s conference call with analysts began shortly after 5 pm ET. Tune in here.