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Quarterly figures: Apple hits (again) the forecasts

Sunday, November 5th, 2017 | bitcoin updates

      
    
  Quarterly figures: Apple beats (again) the forecasts

      

    

    
    
      
          03.11.2017 07:33 UhrBen swan
          
      
      
      
      
    

    
        
            
        
        
    
    
    New Product Announcements: The tech world is looking forward to Cupertino.
                (Picture: dpa, Mark Lennihan)
            
              Nearly $ 11 billion profit has made the group in the last quarter. More iPhones, more Macs and even more iPads were sold.
            
            
            
            Apple has announced its fourth fiscal quarter figures – and once again can shine with record numbers. Fears that the iPhone business could go back because of the initially received with little euphoria from the market series 8 and 8 Plus, not confirmed. However, the devices are only since 22 September on the market, the completely redesigned iPhone X comes on Friday in the trade.
Full profit
Compared to the same quarter last year, revenue increased 12 percent to $ 52.6 billion. Earnings per share (EPS) grew 24 percent to $ 2.07 per share, for a total of $ 10.7 billion. In the same quarter last year, Apple had earned "only" $ 9 billion, or $ 1.67 per share. On iPhones Apple sold a total of 46.7 million pieces – that is 1.2 million more than in the previous year. Also on the iPad (10.3 million instead of 9.3 million) and the Mac (5.4 million instead of 4.9 million) increased the units sold. The turnover in the service business reached according to Apple an "all-time high" – meant thereby beside iCloud also offers such as iTunes and Apple Music.
Main sales abroad
Apple's margin fell slightly from 38 percent in the same quarter last year to 37.9 percent. 62 percent of its sales made Apple abroad. Sales and earnings per share were a fourth-quarter record for Apple, but overall earnings were slightly lower than in the fourth quarter of 2015. Apple has meanwhile repurchased larger volumes of shares, which explains the higher EPS value. Apple announced it would pay a dividend of 63 cents per share on November 16. Operating cash flow was $ 15.7 billion in the fourth quarter, according to chief financial officer Luca Maestri. The company has invested $ 11 billion in the repurchase of shares and dividends.
iPhone X "thrilled" Tim Cook
CEO Tim Cook said that they are looking forward to a "great Christmas business". It is from the just beginning market launch of the iPhone X "absolutely thrilled". The positive assessment is also reflected in the guidance for the next quarter. Cook said Apple is "bullish" here. Revenue is expected to range between 84 and 87 billion with a margin of 38 to 38.5 percent. Operating expenses will range from 7.65 to 7.75 billion. The Group expects a tax rate of 25.5 percent. For the full year, Apple has a total revenue of $ 229.2 billion with a profit of $ 48.4 billion. In the previous year, it was $ 215.6 billion in sales and 45.7 billion in profits.
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(BSC)

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