Apple has released its financial results for its fiscal fourth quarter of 2016, the company had revenue of $46.9 billion for the quarter and net income of $9 billion.
This is down from revenue of $51.5 million and net income of $11.11 billion for the same quarter in 2015.
“Our strong September quarter results cap a very successful fiscal 2016 for Apple,” said Tim Cook, Apple’s CEO. “We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record.”
“We are pleased to have generated $16.1 billion in operating cash flow, a new record for the September quarter,” said Luca Maestri, Apple’s CFO. “We also returned $9.3 billion to investors through dividends and share repurchases during the quarter and have now completed over $186 billion of our capital return programme.”
You can find out more details about Apple’s financial results for the fourth quarter of 2016 over at their website at the link below.
Source Apple
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