eXtensions - Friday 3 November 2017
Cassandra: Apple Q4 2017 Financial Report and Early Comments
By Graham K. Rogers
Part of Apple's press release is below:
Apple today announced financial results for its fiscal 2017 fourth quarter ended September 30, 2017. The Company posted quarterly revenue of $52.6 billion, an increase of 12 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.07, up 24 percent. International sales accounted for 62 percent of the quarter's revenue.
During the conference call, several additional points were brought out. Kyle Alspach (CRN) for example covering Cook's comments on Mac sales writes that "fiscal Q4 also marked the strongest September quarter ever for Mac sales," according to Tim Cook. This was due to the "notebook refreshes . . . launched in June", especially the MacBook Pro, while a lot of the momentum is coming from demand in China, something that many critics have said Apple had lost.
The iPad, which critics have also said was beginning to show signs of weakness, has also improved in the quarter, with Roger Fingas (AppleInsider) reporting growth following the wide-ranging refresh. 10.326 million units were shipped worldwide. As well as the refresh, Fingas speculates that many purchases were from users who had held on to their earlier devices (I still have an iPad Air 2 that works perfectly), and from "educational market as well as people who mainly want a media consumption device."
Services, which I have long held to be one of Apple's secret weapons also saw a jump with a 34% growth year over year. Juli Clover (MacRumors) outlines some of the specifics, including App Store, iTunes Store, Apple Music, Apple Pay, AppleCare, iCloud, writing that revenue from these were $8.5 billion, up from $6.3 billion a year ago, adding that this alone is the size of a Fortune 100 company.
Graham K. Rogers teaches at the Faculty of Engineering, Mahidol University in Thailand. He wrote in the Bangkok Post, Database supplement on IT subjects. For the last seven years of Database he wrote a column on Apple and Macs. After 3 years writing a column in the Life supplement, he is now no longer associated with the Bangkok Post. He can be followed on Twitter (@extensions_th)
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