Apple sells 46.7 million iPhone units during its fiscal fourth quarter; shares hit new high

Apple sells 46.7 million iPhone units during its fiscal fourth quarter; shares hit new high
This afternoon, Apple released its fiscal fourth quarter earnings report. During the three-month period, the company sold 46.7 million iPhone handsets. That was roughly in line with the 46 million units that Wall Street analysts had predicted. Revenue related to sales of its smartphone amounted to $28.85 billion. Last year during the same period, Apple sold 45.5 million iPhone units and grossed $28.16 billion.

During the three month quarter, Apple grew sales of its iPad tablet from 9.27 million slates last year, to 10.3 million this year. Revenue from sales of its tablet amounted to $4.83 billion during the fiscal fourth quarter, up 14% from last year. Services revenue, which includes iTunes, Apple Pay and the App Store, amounted to $8.5 billion during the fourth fiscal quarter. Sales in Greater China, which had been slumping recently, rose 12% from last year's number to $9.8 billion.

Overall, Apple reported $10.7 billion in net profit for the fiscal fourth quarter, which works out to earnings per share of $2.07 for the period. That topped Wall Street estimates of $1.87. Revenue for the company during the three months rose 12% to $52.6 billion. Last year, Apple had fiscal Q4 sales of $46.9 billion and had reported earnings of $1.67 a share.
 

After the report, Apple's shares soared 5% to $174. That is a new all-time high and takes the market cap to $900 billion as Apple closes in on becoming the first trillion dollar company.

source: Apple, WSJ

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79 Comments

1. Lumbergh

Posts: 463; Member since: Feb 14, 2016

Apple is killing it. Keep helping out my stock portfolio lol.

16. sgodsell

Posts: 6740; Member since: Mar 16, 2013

Say what you want but Apple has been sneaking its way down the pole with its type of sales and models. Hear me out. This is the first year (2017) that I saw Apple re-launch the iPhone 6 which launched back in 2014. Only it had 32 GB of storage instead of the 16 GB that it originally came with. Also I have never seen so many buy an iPhone 7 and get a free iPhone 7 or buy an iPhone SE and get a free iPhone SE deals in my life. Apple never had deals like that before. Ever!!! I think Apple has learned a valuable lesson from Android, that one size does not fit all, and putting on sales gets rid of your stock. Apple already cut the price of the iPhone 8's by 20% already in China. The other thing to take away from this is Apple is still climbing its way back to Q3 2015 sales of 48 million. So congratulations to Apple for getting out of its downward sales slump.

47. piyath

Posts: 2445; Member since: Mar 23, 2012

You drunk bro...?? LOL. We always have to adapt, make changes accordingly to keep the heart beating in the perfect rhythm. That's what makes us humans so special. We always adapt to the environment.

57. sgodsell

Posts: 6740; Member since: Mar 16, 2013

Everything I said is 100% a fact. Did we not see a new iPhone 6 with 32 GB of storage in 2017 for sale by Apple? Yes we did 100% a fact. Did we not see any buy an iPhone 7 and get a free iPhone 7 or SE? We certainly did see that, and wouldn't that count as 2 sales? Apple already chopped the iPhone 8 prices down by 20% already. 100% true. It's also a fact that back in Q3 2015 Apple sold 48 million iPhones. 100% a fact. So please tell me what exactly is wrong here. Is it that you can't handle the truth?

78. piyath

Posts: 2445; Member since: Mar 23, 2012

It's also a fact that Apple is growing it's sales Y-O-Y unit wise and revenue wise.....LOL iPad is booming back in to the market, iPhone sales are booming too, Mac sales are going so well than ever, services and other categories are also has massively increased. Most importantly business in China was up by double digits. What facts do you want to see what's happening here??? Don't be a troll Apple hater dude. See clearly. See what's in front of you rather than trying to see what's not there.

83. sgodsell

Posts: 6740; Member since: Mar 16, 2013

Your the one that can't see what's in front of you. You blindly believe and will drink what ever koolaid Apple gives. So am I and the rest of the population suppose to ignore and not see the 4th iteration of the iPhone 6? Many sites and YouTubers even said skip the iPhone 8 if you already own an iPhone 7 or 6s. Are we suppose to ignore that. Also piyath, why ignore the other facts I listed. You can't ignore those facts. I forgot about iPhone 8 production was already cut by 50% in China. Are we also suppose to ignore that? I am seeing clearly. The one that isn't seeing clearly is you. Go drink more of that koolaid.

27. domfonusr

Posts: 1057; Member since: Jan 17, 2014

My Dad has now almost doubled his money with Apple stock. I hope Apple pops downward for a bit so my Dad can increase his position in the stock, before it goes back to skyrocketing into the stratosphere...

2. kotan24

Posts: 302; Member since: Oct 29, 2012

hahaha all the Apple haters that were waiting on the company to fall have to keep on seeing the brand on top lol their products are the best and these results only solidify their status as the most valuable ever.

13. darkkjedii

Posts: 30786; Member since: Feb 05, 2011

Who's waiting for Apple to fall?

34. bucky

Posts: 3771; Member since: Sep 30, 2009

You don’t read that in 80% of the articles in the forum section?

3. midan

Posts: 2557; Member since: Oct 09, 2017

"Apple's guidance of between $84 billion and $87 billion revenue for the first quarter of fiscal 2018 would also be an all-time record by a significant margin. The quarter, which we're in right now, includes the launch of the iPhone X and the busy holiday shopping season."

4. piyath

Posts: 2445; Member since: Mar 23, 2012

All the trolls on PA comment section must be hurting so badly now....LMAO. Im sorry. Don't worry we'll be friends one day. Huh huh

5. toukale

Posts: 605; Member since: Jun 10, 2015

Get the f**k outta here, Everyone told me the iPhone 8 was a flop /s.

6. IAMBLCKJ3ZUS

Posts: 399; Member since: Sep 29, 2015

As a Windows fan and a Android fan I have no animosity towards Apple. The only thing I always try to understand is Apple will always set records because it's the only one making its entire ecosystem. The other person succeeding are the ones they buy everything from which is Samsung. Samsung is what Sony was suppose to be.

23. notfair

Posts: 687; Member since: Jan 30, 2017

they are making the entire ecosystem.. ya sure. you use gmail and google maps? if not then kudos to you, you are really using the entire apple ecosystem, unless you use microsoft apps?

7. notfair

Posts: 687; Member since: Jan 30, 2017

what's in it for you if apple makes money out of the trash they sell? it's not like you're getting something from them as in $$$, you're giving them that $$$. Kudos to apple again and again, they know how to take the money from simple minded people.

8. midan

Posts: 2557; Member since: Oct 09, 2017

Android cry baby, why not just accept Apple have everything in right place and they do great product which people want to use. Why make yourself look very pathetic with all that simple minded people etc stuff? You don't fool anyone

12. notfair

Posts: 687; Member since: Jan 30, 2017

I am not saying Android is better, I am just saying that people overreact over nothing and that nothing is called apple. my colleagues, 3 of them, just preordered the iphone x, they had to change the plan of course so they did, basically they will pay 3840$ for an iphone x (256gb) on a 2year plan. that's smart... don't you think? and I have asked them, but the phone is much cheaper if you buy it directly from apple... the answer was from all of them. "i don't have the money right now, it's better this way"

35. verbalize

Posts: 150; Member since: May 03, 2013

You are completely wrong. How do you get those numbers??? 256 GB is $1149.00. If you want the $300.00 credit off the phone then you need the unlimited data. Then pay $15.00 a month extra. So my 256 GB cost me $1,149.00 .

45. notfair

Posts: 687; Member since: Jan 30, 2017

is it insane? 100$ per month for the plan and then 60$ per month for the device .. do the math and I didn;t include the apple care plan so please spare me.

15. whatev

Posts: 2117; Member since: Oct 28, 2015

It’s really sad actually, they are crying everywhere now, it’s hard to be an android fan nowadays

19. notfair

Posts: 687; Member since: Jan 30, 2017

dude, nobody is crying... i just don't understand how can you be happy for a greedy company. like i have said, good for them.

43. whatev

Posts: 2117; Member since: Oct 28, 2015

I’m not happy for them, I’m just enjoying the bitterness and butthurtness that this news cause on android fans, I can’t understand either how can you all be so frustrated and angry because a company is having so much success, just don’t buy their products and ignore the news related, can’t you do that? I do that with everything related to android, why can’t you all?

87. XperiaFanZone

Posts: 2277; Member since: Sep 21, 2012

They aren't, it's a strawman argument Apple fanboys come up with. Android fans are pretty much happy using a better device

88. XperiaFanZone

Posts: 2277; Member since: Sep 21, 2012

Like how the "bitterness and butthurtness" get to fans like you whenever you see an ounce of criticism against Apple.which is why you "enjoy" it,

91. whatev

Posts: 2117; Member since: Oct 28, 2015

Lmao, your reply is just a sign of what I’m talking about, you’re so triggered and pissed about everything that’s happening right now with apple that you need to vent here on the comment section, it’s hilarious, if I were you and I really didn’t care about apple I wouldn’t read or comment any of the artilcles related, that’s exactly what I do with android, I just don’t care, I won’t give my click and time to any article related to that OS unless it’s about a really interesting matter (which most of the time is not); and on the other hand I’m so happy with my devices just like the other apple users, you just can’t stand that other people have different preferences. And btw I didn’t know Sony has fans, that’s cute actually lmfao ;-)

92. XperiaFanZone

Posts: 2277; Member since: Sep 21, 2012

Saying "lmao" is proof that you're no less "triggered" than you claim others to be . Last year's Android flagship was ranked higher in terms of customer satisfaction than this year's iPhones, and more Apple fans like you hid in their caves. Micra sold more than the P1, McLaren and their fans must be devastated. I'm only here to see Apple fans coming out of their caves again, the only time they do so. Keep coming up with novels, doesn't hide the fact that my response touched a nerve

20. darkkjedii

Posts: 30786; Member since: Feb 05, 2011

I wouldn't say simple minded only, but you can't fault Apple for getting money. They're the best at being greedy. These other companies dream of achieving that. Apple knows what its doing man.

24. notfair

Posts: 687; Member since: Jan 30, 2017

ofc they know, they are feeding on them ... I was harsh I know but sometimes the truth hurts.

29. darkkjedii

Posts: 30786; Member since: Feb 05, 2011

I used to be an iPhone fan myself. I'm no longer interested in them, but they're good phones, and the iPad is still my go to. Apple makes good stuff, but way overpriced.

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