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Fourth Quarter of FY 2017

Apple Tallies Revenue of $52.6 Billion During the Fourth Quarter of FY 2017

Apple On The Street
November 2, 2017

Apple has just reported that in the fourth quarter of FY 2017, the company recorded revenue of $52.6 billion. That’s an increase of 12 percent from the same quarter a year ago.

During the quarter, Apple sold 46.7 million iPhones, 10.3 million iPads, and 5.4 million Macs. Compared to the same quarter in FY 2016, each of those categories saw an increase in sales.

The Services area also recorded revenue of $8.5 billion, an all-time best.

“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Tim Cook, Apple’s CEO. “With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

“Apple’s year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter,” said Luca Maestri, Apple’s CFO. “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”

Starting at 2 p.m. PDT, Apple will hold a financial results conference call for analysts. Anyone can listen by heading here. You’ll need an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later, or a PC with Microsoft Edge on Windows 10.

We’ll update you if Apple announces any big news during the audio webcast.