Apple tops expectations with sales of 45.4 million iPhone units during its fiscal fourth quarter

Apple tops expectations with sales of 45.4 million iPhone units during its fiscal fourth quarter
Apple announced this afternoon that it sold 45.4 million units of the Apple iPhone during its fiscal fourth quarter. That topped Wall Street expectations of 44.8 million, but was down from the 48.04 million sold during last year's fiscal fourth quarter. CEO Tim Cook said, "We couldn't be more excited about the customer response to the iPhone 7 and the iPhone 7 Plus." Still, it was the third consecutive month of lower year-on-year handset sales, something that never happened prior to the fiscal second quarter of this year. Apple sold 9.2 million iPad tablets during the three month period.

During the quarter, Apple introduced the Apple iPhone 7 and Apple iPhone 7 Plus. They are the first iPhone models in history to ship without a 3.5mm earphone jack, and with IP67 dust and water resistance. The new handsets also carry what arguably is the most powerful chipset used to drive a smartphone, the A10. The iPhone 7 Plus features a dual camera setup in the back.

Apple caught a break when Samsung had to pull the Samsung Galaxy Note 7 off the market after a number of units exploded. Samsung stuffed the phablet with high-end specs and new features like an iris scanner in an attempt to hold off the latest iPhone models. While exact numbers are unknown, Apple is most likely obtaining additional sales that might have gone to the Galaxy Note 7. In addition, some of those who purchased the flawed phablet might have exchanged it for an iPhone 7 Plus.

Apple's company wide revenue slightly missed forecasts as revenue came in at $46.90 billion vs. predictions of $46.94 billion. Earnings, at $1.67 per share, topped the Thomson Reuters consensus estimate by one cent. One positive announced by Apple deals with the company's first fiscal quarter. The tech titan predicted revenue from October through December to come in at $76 billion to $78 billion, a range higher than the $74.9 billion expected by Wall Street.

Speaking of Wall Street, Apple's shares rose .51% or 60 cents during regular trading hours to $118.25. After hours, the stock is down 2.05% or  $2.43 to $115.82.

source: CNBC

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61 Comments

2. Klinton

Posts: 1409; Member since: Oct 24, 2016

A10 is not arguably is the most powerful chipset used to drive a smartphone. It's just a media myth. If could serve good for iPhone, it couldn't boot even Note.

7. bubbadoes

Posts: 1225; Member since: May 03, 2012

what Note. the recalled one. the older iphone6s already ran circles in here. see i kids think 4 gigs of ram and quad core processors are icing on the cake. so lost so lost. but keep believing that. shamesung has your money

14. Klinton

Posts: 1409; Member since: Oct 24, 2016

I suggest, if you reply my comment to stick to the point. Could you?

21. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Ok troll, tell me exactly why the A10 couldn't "boot even Note".

28. Klinton

Posts: 1409; Member since: Oct 24, 2016

Because there is HUGE difference between iPhone and Note, if you don't know. Also between Android and iOS. Android though much more functional is heavier than iOS. Right? So don't expect same result of A10 as on iPhone. iPhone7 is not faster than Note7 except of the games. (and even not faster than iPhone6S, check it out). What result could we expect if someone manage to put A10 on Note? Make the math, and come again Next question?

33. ctdog4748

Posts: 797; Member since: Mar 05, 2016

What the F kind of idiotic reply was that?!?!? First, your "heavier" analogy is just stupid; The Mercedes S65 is a much heavier car than my Honda Accord, yet it will destroy my Accord speed and quickness wise with its MUCH more powerful engine. So the Note series then is underpowered/android is underpowered, am I understanding your point correctly? Next, since you're trying to profer yourself as some kind of person knowledgeable of the A10 chip, please, explain to me, from photomask design to wafer lithography to final product, why the A10 is inferior? What steps did Apples engineers and scientists get wrong? Please enlighten me.

58. Klinton

Posts: 1409; Member since: Oct 24, 2016

OK I'll put it this way: IF they put new engine on your Honda Accord that make it as fast, as much heavier Mercedes S65 , do you believe that the engine is as powerful as on Mercedes S65. Think!

61. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Since you obviously can not answer my question, it's best you go away and troll elsewhere.

51. ibend

Posts: 6747; Member since: Sep 30, 2014

because Note already dead? and A10 couldn't revive it?

3. Alex11092

Posts: 30; Member since: Jun 25, 2015

Wait, I thought I was reading an Apple article but read a whole paragraph about Samsung. Sorry, forgot this was PA.

13. jeroome86

Posts: 2314; Member since: Apr 12, 2012

It's SamsungArena lately.

18. Klinton

Posts: 1409; Member since: Oct 24, 2016

Actually I like the headline!

23. sissy246

Posts: 7129; Member since: Mar 04, 2015

And you can't blame it on a Samsung fan.

6. Derekjeter

Posts: 1557; Member since: Oct 27, 2011

Since it was lower than last year here come the Samsung fans to say "its over for Apple they will be bankrupt this time next year" lol. Numbers will surely rise after some customers return the Note 7 and order the iPhone 7. A few of my co-workers already return theirs and are waiting for the 7 plus.

11. Klinton

Posts: 1409; Member since: Oct 24, 2016

Spot on! Well, Apple might not made any innovation in technology lately, or never in the future, but they know how to sell old obsolete tech putting great functionalities like Night Shift , Life Photo, missing jack, new fancy colors ...and such, to make profit. Apple is here to stay.

17. Derekjeter

Posts: 1557; Member since: Oct 27, 2011

I'll be honest, when I had a Samsung a looooong time ago (S4) I wouldn't use 3/4 of the stuff it had. That's why I use a Nexus 6P (Pixel XL coming soon) and iphone 7 plus. People could say all they want about how simple and boring they are but I don't need 100 gimmick features that slow down the phone and cause it to lag. I'm already so pissed off that Apple wants to do the same with the 7 plus. Mine is super laggy, almost as bad as TW on a Samsung phone. Point is it's a PHONE!! I and 99% of the world just need to send text, emails, browse the web and oh yeah make phone calls!! I think stock Android is the best experience on a phone anything else is just to much crap. I can't wait for my Pixel.

25. Klinton

Posts: 1409; Member since: Oct 24, 2016

Pixel is not 'stock Android'. Sorry man.:( Otherwise I agree with you - no matter how good, innovative, beautiful, functional phones Samsung made , Pixel and of course iPhone7 are the best choice.

55. ebilcake

Posts: 1231; Member since: Jul 16, 2016

The best choice is the one that offers the best value, "Premium" brands are definitely not offering that this year. The main story this year are phones costing half the price that provide a similar or better experience in some cases.

60. coldspring22

Posts: 349; Member since: Feb 28, 2015

Yes that's mega trend in smart phone industry. Cheap Android phones are getting good! Mid range Android phones are getting fantastic!! Only Apple is not getting the message, and sticking with high end price for everything they sell. Today, even very good smart phone can be had for few bucks such as Alcatel idol 3 (Cricket wireless $50), or ZTE Zmax Pro (metropcs $100). Low and mid range phones will become ever better and there is nothing to stop flagship phones from moving entirely down into mid range price level, but Apple brass obviously disagrees!

9. Fire5

Posts: 315; Member since: Feb 13, 2015

Ok then he lost no money and low sale iPhone ?? iPhonearena has a strange way to minimize the negative news from Apple. it's amazing how fanatical they are.

36. jhonqseven

Posts: 9; Member since: Oct 05, 2016

Excellent comment, unpleasant to realize that a page with "journalists" becomes known by discrediting other brands that do things better than Apple. I would recommend them more consistent with the propaganda that make apple on its "editors" of Iphonerena immediately issues change the name of your page, so serious.

52. ibend

Posts: 6747; Member since: Sep 30, 2014

they just trying too hard to make this looks like a good news from apple... meanwhile on other site with exact same topic and numbershttp://techreport.com/news/30866/iphone-sales-continue-to-shrivel-in-apple-fiscal-fourth-quarter

15. Macready

Posts: 1830; Member since: Dec 08, 2014

All physical product sales numbers down, overall sales and profits too, but headline here: "Apple tops expectations" Guess who wrote the article. Less phones sold (-30% in China, ouch) Less tablets sold Less iMacs sold (double digits down) Less "other products" such as the Watch, TV, iPod etc. (double digits down) But the good news, services are up! (...) Didn't help the overall sales enough though (down). And whether shares were up or down during trading hours, isn't relevant since the numbers were made public after closing. As I'm typing this, the market is actually disappointed, because after hours numbers predict almost 3% lower opening.

53. ibend

Posts: 6747; Member since: Sep 30, 2014

services mean more broken product? no? it's not a good news for customers, lol...

26. darkkjedii

Posts: 31670; Member since: Feb 05, 2011

Brian Tong would give them a "Good Apple".Awwwwwww...

39. Alex11092

Posts: 30; Member since: Jun 25, 2015

It reported gross revenues of $46.85 billion, down approximately 9 percent from the year before, though up 11 percent sequentially. Operating income fell by 20 percent to $11.76 billion while net income declined 19 percent to $9.01 billion. Annual net revenue slid 10 percent to $84.26 billion — the first time in 15 years. Net income fell 14.5 percent to $45.69 billion. 45.5 million iPhones were sold, down 5 percent, with revenues totaling $28.2 billion, down 13 percent. There was an extra week in Apple’s fiscal quarter. iPad unit sales were down 6 percent to 9.27 million, but revenue was down by $21 million to $4.26 billion. Mac unit sales dropped 14 percent to 4.89 million. Revenue was down 17 percent to $5.74 billion. Services revenue rocketed 24 percent to $6.33 billion, an all-time quarterly record. Other revenue, which includes Apple TV, Apple Watch, Beats, iPod and accessories, sunk 22 percent to $2.37 billion.

41. Alex11092

Posts: 30; Member since: Jun 25, 2015

Why am I not seeing this on here? Read it on 'PocketNow' Source:Apple, Via: The verge

40. Alex11092

Posts: 30; Member since: Jun 25, 2015

Why am I not seeing this on here? Read it on 'PocketNow' Source:Apple, Via: The verge

45. lyndon420

Posts: 6898; Member since: Jul 11, 2012

Wait...I thought apple wasn't going to release sales numbers anymore!?!

49. PrYmCHGOan

Posts: 335; Member since: Sep 28, 2016

OMG! When I come to an Apple article and read some posts, I just take a nap of nitrous oxide, take some breathes and then laugh my butt off untip.i pass out. It's just amazing how crazy these guys when you read the things they say. Every one should do business like Apple. Really? Make one product forever and until.it stops selling before you move on to something else. I recalled another industry that tried that. It was called the video game industry and most of those players are all dead. NINTENDO is hanging on by a thread and will.be reduced to a software company like Sega after this next bad idea with Mario and Zelda remakes. Apple has all.its eggs in one basket. That has never been a good business strategy. Some companies want to give more choice. Why have one popular product when you can have 10 or 100? Why have one product type, when you can have 50? Why settle for less, if you can have more? You guys smoke wayyyyyyyyy to much weed or meth or whatever.

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