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Apple Announces Q1 2017 Revenue of $78.4 Billion With 78.3m iPhones, 13m iPads, and 5.3m Macs

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Apple Announces Q1 2017 Revenue of $78.4 Billion With 78.3m iPhones, 13m iPads, and 5.3m Macs

Apple on Tuesday reported its [fiscal] Q1 2017 profits,  providing a take a look at its efficiency over the all-important 3-month vacation quarter. To the wonder of many analysts, the corporate beat Wall Side road’s expectancies through posting a report 78.3 million iPhone gross sales and $78.4 billion in income.

Listed here are Q1 2017 numbers in comparison to figures from the similar quarter in 2016.
  • Revenue: $78.4 billion vs. $75.9 billion
  • iPhones:  78.3 million vs. 74.8 million, up 5%
  • iPads: 13.1 million vs. 16.1 million, down 19%
  • Macs: 5.37 million vs. 5.31 million, up 1%
And listed here are some feedback at the numbers from Tim Prepare dinner and Apple CFO Luca Maestri:
“We’re overjoyed to document that our vacation quarter effects generated Apple’s absolute best quarterly income ever, and broke more than one data alongside the best way. We bought extra iPhones than ever prior to and set all-time income data for iPhone, Products and services, Mac and Apple Watch,” stated Tim Prepare dinner, Apple’s CEO. “Revenue from Products and services grew strongly over ultimate yr, led by way of report buyer task at the App Retailer, and we're very serious about the goods in our pipeline.”
“Our remarkable industry efficiency ended in a brand new all-time report for profits in line with percentage, and over $27 billion in running money glide,” stated Luca Maestri, Apple’s CFO. “We returned just about $15 billion to buyers thru percentage repurchases and dividends throughout the quarter, bringing cumulative bills thru our capital go back program to over $200 billion.”
Different fascinating issues from the profits record come with the income from “Different Merchandise,” which incorporates Apple Watch and Beats headphone gross sales, used to be down 8% year-over-year in Q1, and income from China gross sales fell 12%. That’s lovely giant bearing in mind the rustic is Apple’s 2d biggest marketplace.

To match year-over-year, Apple earned $75.9 billion in income, at the backs of 74.7 million iPhones, 16.1 million iPads, and 5.3 million Macs bought within the first quarter of 2016.

 
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