Apple made truck loads of money during its first fiscal quarter for 2017, but that wasn’t the only news from yesterday’s earning report. John Martellaro and Kelly Guimont join Jeff Gamet to share their thoughts on Tim Cook saying the iPhone hasn’t reached maturity yet, plus they look at the news that Prince’s music is coming to Apple Music.
Apple’s cash hoard swelled to a staggering $246.09 billion in the December quarter, an increase of $8.49 billion. This, despite returning some $15 billion to shareholders in the form of stock buybacks and dividends. It’s an unprecedented concentration of corporate wealth that would let Apple buy more than 4.9 billion Amazon Echo Dots if it wanted.
Apple announced Tuesday record revenue for its December quarter of US$78.4 billion, as well as record earnings per share (EPS) of $3.36. That’s up from $75.9 billion in revenue in the year-ago quarter with EPS of $3.28. [Update: This article has been updated with additional details. – Editor]
Apple announced Friday that it will announce earnings for the December quarter—the company’s first fiscal quarter of 2017—on Tuesday, January 31st. Apple’s quarterly conference call with analysts will start at 2:00 PM PST/5:00 EST.
Apple will release its earnings report for its first fiscal quarter on Tuesday, January 31, 2017. Investors expect record-setting revenue thanks to the iPhone 7 and the continued growth of the company’s services business.
Apple reported fiscal fourth quarter revenues of US$46.9 billion with earnings of $9 billion on Tuesday. Earnings per share were $1.67. Those results are down year over year from revenues of $51.5 billion, earnings of $11.1 billion, and EPS of $1.96. Gross margins were 38%, down year-over-year from 39.9%. Apple beat consensus estimates on EPS and guided Q4 revenues higher than consensus.
Apple’s fourth fiscal quarter earnings conference call is scheduled to start after the market closes this afternoon, Tuesday, October 25th. The Mac Observer will be here to bring you the latest news, announcements, and analysis from the event.
Apple announced Monday that it was rescheduling its fiscal fourth quarter earnings report and call to Tuesday, October 25th. The company cited an unspecified “scheduling conflict.” The call was originally scheduled for Wednesday, October 26th.
Apple’s 2016 third fiscal quarter earnings report is scheduled to start this afternoon after the market closes. This quarter will include iPhone SE sales, and analysts will be watching closely to see if the company’s smartphone numbers show a year-over-year decline for a second quarter. The Mac Observer will be here to bring you the latest news and analysis from the event, so be sure to follow along with us this afternoon.
Apple’s third fiscal quarter earnings report is scheduled for Tuesday, July 26th. Investors will be watching the iPhone and iPad maker’s numbers closely after last quarter’s disappointing results, and the lack of new product announcements during Q3.