Apple releases Fourth Quarter Results

Apple announced financial results for its fiscal 2016 fourth quarter this week and heres an overview:

apples statement of operations

  • Quarterly revenue of $46.9 billion
  • Quarterly net income of $9 billion, or $1.67 per diluted share.
  • Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter.
  • International sales accounted for 62 percent of the quarter’s revenue.

Apple Inc. Q4 2016 Unaudited Summary Data

“We are pleased to have generated $16.1 billion in operating cash flow, a new record for the September quarter,” said Luca Maestri, Apple’s CFO.

Apple is providing the following guidance for its fiscal 2017 first quarter:

  • revenue between $76 billion and $78 billion
  • gross margin between 38 percent and 38.5 percent
  • operating expenses between $6.9 billion and $7 billion
  • other income/(expense) of $400 million
  • tax rate of 26 percent

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