Today as expected Apple has announced its financial results for the first quarter ended December 30th, 2017, revealing its quarterly revenue has increased by 13 percent, when compared to the year-ago quarter and setting an all-time record of $88.3 billion. The figures provide shareholders with a quarterly earnings per diluted share of $3.89, up 16 percent.
Apple also announced that international sales accounted for 65 percent of that quarter’s revenue, cashflow from operations came in at a “very strong” $28.3 billion, and that the company had returned $14.5 billion to investors through its capital return program. Apple’s CEO Tim Cook, explained : “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. 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.”
During the announcement Apple provided guidance for its fiscal 2018 second quarter, expecting revenue between $60 billion and $62 billion, a gross margin between 38 percent and 38.5 percent, other income/(expense) of $300 million, operating expenses expected to be between $7.6 billion and $7.7 billion and a tax rate of approximately 15 percent. For more information on the latest inning calls from Apple jump over to their official website by following the link below.
Source: AppleFiled Under: Apple, Technology News, Top News