Apple today announced financial results for its fiscal 2017 third quarter ended July 1, 2017. The company posted quarterly revenue of $45.4 billion and quarterly earnings per diluted share of $1.67. These results compare to revenue of $42.4 billion and earnings per diluted share of $1.42 in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue.
Analysts polled by Thomson Reuters expected Apple to report $1.57 EPS on revenue of $44.89 billion for the quarter.
“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO, in a statement. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”
“We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share,” said Luca Maestri, Apple’s CFO, in a statement. “We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”
Apple is providing the following guidance for its fiscal 2017 fourth quarter:
• revenue between $49 billion and $52 billion
• gross margin between 37.5 percent and 38 percent
• operating expenses between $6.7 billion and $6.8 billion
• other income/(expense) of $500 million
• tax rate of 25.5 percent
Apple’s board of directors has declared a cash dividend of $0.63 per share of the company’s common stock. The dividend is payable on August 17, 2017 to shareholders of record as of the close of business on August 14, 2017.
MacDailyNews Take: Boom! Good quarter!
Services bonanza (up 22% YOY)!
iPad unit shipments increased (15%) for the first time in 14 quarters (thanks, $329 iPad).
Good guidance, too! Apple’s Q417 revenue guidance of between $49 billion and $52 billion exceeded expectations, with analysts’ consensus at $49.2 billion. Strong guidance implies an on-time iPhone launch (not significantly delayed, if at all).
UPDATE: AAPL after hours: $159.10, up $9.05 (+6.03%) @ 6:20PM EDT
👍👍👍😄👊👊👊
Hell yeah!!
But come on dudes, the android 8 or some shit!
Apple sucks.
iPhones suck.
I just love this!
Hey Jimbo, FYI:
Fact: in the first hour you posted the first comment I up voted you five stars. Your rating at the time was in the high 20s and five stars. As it should be.
Right now you have 96 votes at two stars. Get it?
FAKE VOTES …
I will add it is absolutely deplorable of the so called understanding liberals out there to punish a most positive post in this way.
Partially, I take that back. FAKE VOTES, are you paying attention bad actors — MEAN NOTHING!!! 😎
Thanks GoeB:)
All they are doing is proving what closeminded fools they are …
Hey there you, the dogmotized ones:
You are doing the biggest injustice to the credibility of your own kind.
Nothing else!
Keep on acting like 2 year old losers.. then run to your mommies and have some milk and cookies .
👍🏻👍🏻👍🏻
GoeB
Just letting you know as my supporter..
Mdn continues to censor me..
Now they have suspended my account ..day 2
All becouse of me exposing their practices of copying and owning others thoughts blatantly
And when confronted .. resorting to censoring!
In email communication they accuse me of being dishonest..
While they censor a post that 96 people agreed with.
They are being tyranical and manipulative and acting like cowards..
Yet preach freedom of expression and bash other copiers.
Now im off.
Thats MDN!
I think everyone should know!
Cheers GoeB
Thanks
Fake news.. fake votes.. fake all..
Thats what desperate fools do.
Yes indeed. Sad but true …
Pathetic losers babies hard at work downvoting.
Go ahead knock yourselves out …..
😉
Amen, brother …
Must be Samsung employees…
I have to add:
Your actions are not much different than those radicalized fanatical terrorists.( my way or the highway at any cost)
Though im sure u have very high opinions of yourselves and your ways…
So do radical fanatical terrorists.
You and your attitudes are dangerous… dengerouse for the future of this country! Very !
Yep, and they’re too stupid to realize that down-voting the shit out of a decent post only PROVES it LOL
Effin’ rubes…
Hey Jimbo, FYI: You now have 234 (MOST FAKE) votes and a two star rating. You bested my record and I’m envious … 😎
Apple might grow as much as 10% in the calendar Q3, if they will post results closer to $52 billion in sales; last years’ calendar Q3 had $46.9 billion sales.
Boom! POW! 💰💰💰👏👍💪👊
Stock up about 7 points since announcement. Enjoy the ride until some “analyst” finds something to piss on.
By the morning they will return to skepticism that Apple can continue to grow.
Umm, no. The stock is up about a $1.30.
They dident beat the street. They equaled the high range of guidance.
Wanna eat those words now?
Up $9
I’m sure they will find something to piss on because that’s their job to criticize Apple in every way possible. The analysts can always find fault with Apple for all sorts of reasons because it isn’t a FANG stock. All the FANG stocks have nice, fat P/Es to help boost their market caps close to Apple’s market cap. It’s always great for shareholders to rely on future growth to put current value into a stock. Apple shareholders don’t have that great luxury of a 30 P/E.
How is that the A in the FANG still has a high P/E despite the fact that it had a loss in the last quarter? Does not make sense when compared to Apple’s results. Is it even fair to compare the two?
Does that guidance number mean an early September announcement and a mid September availability of the next iPhone as opposed to an Mid/late September announce/avail?
Good question.
MDN Take: “Strong guidance implies an on-time iPhone launch (not significantly delayed, if at all).”
I think the guidance implies they believe more iPhones will be sold in the September quarter this year compared to last year. The guidance also probably implies the iPhone 8 will be on-time and won’t have a starting price over $1000.
Thank you Tim Cook and his team. Woohooo.
Uh, you got the wrong site for posting anything positive about Tim Cook.
Only until the basement CEOs have finished their after supper chores, then it’s useless.
I guess working so hard on those emojis is paying off
Compliments to Carl Ikahn on his brilliant sale of Apple near 90 dollars and outstanding compliments Warren Buffett on his purchase of one hundred twenty two million shares of Apple near 90 dollars a share. Wow!
Buffet made only about 13B on that deal as of today.. Not too bad
OMG, I wish, I only make 13B, am I asking too much?. How about 1B?. lol.
Icahn may have actually had to dump Apple to pay off his other losses despite him saying about Apple’s China risk. He wasn’t actually wrong about that. I definitely am glad that Warren Buffett did put his money on Apple and he’s being rewarded for it. I hope he doesn’t dump Apple quickly at this point. At least he knows the value of a dividend so, it’s unlikely he’ll bail so soon.
Smart investors keep their winners and sell their losers.
I’m waiting with bated breath for applecynic and botty to tell us all why these results are so bad for Apple and how Apple is doomed!
Don’t forget F20XXT20XX.
It’s funny how the Bitchy Brigade vanishes whenever there is GREAT news for Apple; they just can’t stand that Tim Cook is WINNING!!!
Tim Cook is riding gravy train products that Steve introduced. I give him credit for aggressive pricing on the low cost iPad.
Other than that, have a another poolside libation. This is not going to last forever …
Pretty much. It appears that Cook spends more time tinkering with the supply chain, his former claim to glory, than with fostering and managing innovation. I do like that he allowed the file system to be belatedly improved with APFS, and the file system exposed somewhat on iPad. Because he did those things, I actually went out and bought a 10.5 inch iPad Pro, along with the Apple Pencil.
I believe that Cook is in over his head with respect to some of the Chief Executive Officer’s essential duties, in the same way that Steve Ballmer was, when he helmed Microsoft. Both men seemed blinkered, looking to past achievements, trying to bolster them, and downplaying innovative threats appearing in the marketplace. One example is the 2007 iPhone, initially ridiculed by Ballmer and challenged, too late, by Windows phones. Another is Amazon’s Echo listening device, initially ignored by Apple but now challenged, belatedly, by HomePod.
A change of leadership is inevitable in every organisation. The issue is, will the change keep the organisation vital, or will it lead to decline and irrelevance? That’s the interesting part..
“It appears that Cook spends more time tinkering with the supply chain, his former claim to glory, than with fostering and managing innovation.”
Precisely!
1. The imagining innovation creativity is what is sorely missing.
2. Yearly product refreshes at the very least, if not every six months.
3. Cut out completely the activist liberal crap favoring sides and alienating customers.
“I do like that he allowed the file system to be belatedly improved with APFS, and the file system exposed somewhat on iPad.”
I’m waiting for full file support, mega storage, pro happs and ports so I can work anywhere in my spare time. Only then will I buy my first iPad and same as you, choose the pro model with pencil and load it up.
Yes, I would prefer change at the top sooner rather than later. We need a creative visionary to lead Apple again, not a caretaker assignment specialist, sigh …
No trouble at all, Jimbo. But thanks for the thought.
I believe my down vote trend started after association with Botty. Hope I did not bring association your way. 😬
It seems the left is in FULL hyperdrive to suppress or at least down vote the kind of speech they deem offensive to their ding dong dogma. I. E. supporting President Trump.
So, for the 100th time — pay attention bad actors: FAKE MANIPULATIVE VOTES MEAN NOTHING! 😘
As to censorship of your post, last time I checked it was posted with your rebuttal and read the same.
We can never have enough accountability … 👍🏻👍🏻👍🏻
So the only Good\Bad news.
Services revenue Up because Quality is down.
Never used to get Apple Care now crazy not to 🙁