Apple Reports Q1 FY18 Earnings: $88.3 Billion in Revenue, 77.3 Million iPhones Sold [Chart]

Apple Reports Q1 FY18 Earnings: $88.3 Billion in Revenue, 77.3 Million iPhones Sold [Chart]

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Apple today announced results for its fiscal 2018 first quarter which ended December 31, 2017.

The Company posted quarterly revenue of $88.3 billion, an increase of 13 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $3.89, up 16 percent, also an all-time record. International sales accounted for 65 percent of the quarter’s revenue.

Apple sold 77.316 million iPhones, 13.17 million iPads, and 5.112 million Macs. iPhone sales were down 1% from the year ago quarter and Mac sales were down 5%. Analysts were expecting Apple to sell about 80 million iPhones.

Apple Reports Q1 FY18 Earnings: $88.3 Billion in Revenue, 77.3 Million iPhones Sold [Chart]

“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple’s CEO. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

“Thanks to great operational and business performance, we achieved all-time record profitability during the quarter, with EPS up 16 percent,” said Luca Maestri, Apple’s CFO. “Cash flow from operations was very strong at $28.3 billion, and we returned $14.5 billion to investors through our capital return program.”

Apple is providing the following guidance for its fiscal 2018 second quarter:
● revenue between $60 billion and $62 billion
● gross margin between 38 percent and 38.5 percent
● operating expenses between $7.6 billion and $7.7 billion
● other income/(expense) of $300 million
● tax rate of approximately 15 percent

Apple’s board of directors has declared a cash dividend of $0.63 per share of the Company’s common stock. The dividend is payable on February 15, 2018 to shareholders of record as of the close of business on February 12, 2018.

Apple will provide live streaming of its Q1 2018 financial results conference call beginning at 2:00 p.m. PST on February 1, 2018 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

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Apple Reports Q1 FY18 Earnings: $88.3 Billion in Revenue, 77.3 Million iPhones Sold [Chart]

D4xM4Nx - February 2, 2018 at 9:19am
Fear mongering those clowns for analysts tried to pull off, eh!
My iphones slowed down by Apple - February 2, 2018 at 12:23am
Tip for Apple, if you want to make even more money next quarter earning, just make the next iphone release even more experience, make your update to even more slower the current iphones down, oh yeah make sure the update pop up windows keep on pop up every 10 minutes so kids can easily press the update by accident. Instead of asking $1000 for an iphone, just ask for and arm and a leg for your next iphone. All your rich dumb isheeps will be camping out 1 month in advance. Thanks from me former dumb iphone user!
Neolm09 - February 2, 2018 at 11:23am
I feel dizzy after reading your comment, please don't do it again
Really? - February 2, 2018 at 12:17am
Lmfao, the iPhone 8 sales save the iPhone X. And can you sheeps stop making apple think that no matter the price, if it Gad an apple logo, we’re coping.
Raas al Ghul - February 1, 2018 at 9:53pm
Nice proves iPhone X is doing well
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