Apple has announced its financial results for its fiscal first quarter of 2017 and the company reported record revenue for the quarter.
Apple has total revenue of $78.4 billion for the quarter and a net profit of $17.9 billion, this is up on the same time last year and this is Apple’s highest quarter to date.
“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,” said Luca Maestri, Apple’s CFO. “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 predicting revenue of between $51.5 and $53.5 billion for its fiscal 2017 second quarter, you can find out more details at the link below.
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