Posted on 10/25/2016 2:17:21 PM PDT by Swordmaker
Apple today announced financial results for its fiscal 2016 fourth quarter ended September 24, 2016.
The company posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion, or $1.67 per diluted share. These results compare to revenue of $51.5 billion and net income of $11.1 billion, or $1.96 per diluted share, in the year-ago quarter. 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.
“Our strong September quarter results cap a very successful fiscal 2016 for Apple,” said Tim Cook, Apple’s CEO, in a statement. “We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record.”
“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, in a statement. “We also returned $9.3 billion to investors through dividends and share repurchases during the quarter and have now completed over $186 billion of our capital return program.”
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
Apple’s board of directors has declared a cash dividend of $0.57 per share of the Company’s common stock. The dividend is payable on November 10, 2016 to shareholders of record as of the close of business on November 7, 2016.
Prior to Apple’s earnings release, analysts had expected:
• September quarter revenue: $46.9 billion
• September per-share earnings: $1.65
• September iPhone sales: 44.8 million
• September Mac sales: 5 million
• September iPad sales: 8.5-9 million.
• December quarter revenue guidance: $74.88 billion
MacDailyNews Take: Looks like iPhone 7/Plus supply issues may have been deep which bodes well for Q117 (current holiday quarter) via delayed sales.
I went to NASDAQ and looked at the after hours trades. . . and it does indeed look like the majority of the trades are small investors taking profits. They run from 5 shares to 2400 shares, with the majority being in 100 share lot size. Nothing big that is significant.
But it’s really gone nowhere in a year.
You would have had to do some excellent timing to get any real profit.
hmm.
It's up about $15 in the past few months.
If you GRABBED it then, you’re right. Good time to take money.
I’m sure a LOT of people did. You’re right.
But for 12 months, no move. Odd.
As I said, Wall Street is irrational. Loves companies that make no money, or sell no products. . . but don't like one that makes lots of money and sells lots of products. Go figure.
Curious, just noticed, with the usual MSM bias, that the article doesn’t mention the type of phone used that actually finally completed the job and that “iPhone” is NOT mentioned when it coulda been plugged.....
“...it was a futile effort because he ended up using his phone to do the job...”
It wouldn’t have been an Android by chance, and the story conveniently slips that by the reader?
Off subject but I hate that my iPhone 6 keeps wanting me to update to the latest.
Do not like the changes.
I suggest you go ahead and update your iPhone.
You'll get used to the changes and find there are big improvements. It's also important for security reasons.
I doubt it would be an Android. iPad Pro owners are unlikely to own Android phones that won't share data with the iPad.
I understand that things do not work the same or look the same and you turn it on with the power button, not with a swipe.
Not true. The swipe was repurposed. But you don't use the power button to activate the iPhone. If you want to look at the iPhone, just pick it up. You can turn it on with TouchID, or using the home button and your passcode. . . or if you don't set a passcode, just touching the home button. Using the power button to start the iPhone is unnecessary unless you powered it down.
The swipe to the right is now used to access previous alerts, widgets, and notifications and allows the user to see a lot more information at the lock screen. Swipe to the left brings up the camera ready to use. Swipe down brings in the news sources you've selected.
Thanks for the information
Apple boy you are no economist. You are a globalist shill free trader. So let’s get it straight; are you going to vote for Hillary? She’s a globalist and will pass TPP for sure. So why wouldn’t you vote for her?
Suicide nets around Foxconn(They make Apple Products)
Put an Apple logo on a dog turd and the morons would buy it. Just like you run a criminal for President and the libs will vote her.
He is a repeated liar about what he claims as well because he had been told what follows multiple times before on this forum.
How many times to do the LIES of the anti-Apple HATE Brigade have to be countered and refuted? Those nets were put up in response to a spate of suicides that occurred in 2010 in which a TOTAL of 18 employees of FoxConn, company with 750,000 employees, committed suicide of a period of eighteen months. . Eighteen.
Just how egregious is the LIE Apple is being smeared with in this thread? Let's find out.
The 18 months, and 18 employees the spate of suicides that occurred at FoxConn, works out to an average of ONE employee per month . . . in a population of 750,000. . . who committed suicide for a variety of reasons that outside investigators found ranged from a love triangle, to monetary reasons, to homesickness, to mental illness, to a desire to take advantage of the huge death benefit awarded by FoxConn to the surviving family. One per month is a rate of 1 in 750,000 per month. But that is NOT the way suicide rates are calculated or presented. Suicide rates are calculated by number per 100,000 per year for any given population.
So, in one year, there would have been just 12 suicides in a population of 750,000. Now we have to get it to 100,000. Divide 12 by 7.5 = 1.6 per 100,000.
The Chinese national suicide rate in the entire population is 15 per 100,000 per year in the age cohorts of 18 to 32 years old, the same cohorts of the workers who work at FoxConn. Therefore a young person who worked at FoxConn is almost 10 TIMES LESS LIKELY TO COMMIT SUICIDE THAN IF THEY DID NOT WORK THERE!
The suicide rate of US Ivy League University Students is 11 per 100,000 per year. . . meaning the FoxConn workers who are also the same age are SEVEN TIMES LESS LIKELY TO KILL THEMSELVES THAN US UNIVERSITY STUDENTS!
Since that spate of suicides at FoxConn in 2010, the suicide rate among FoxConn workers has dropped. . . in fact, during 2013 there were ZERO suicides among the then 1.5 MILLION workers at all of their 29 factories spread all over China. In 2014, there were a total of just three.
So the person who posted that LIE is trying to smother us with FALSE propaganda for which he has ZERO evidence. He has done it at least a dozen times before and will do it again. Like a Liberal Democrat, facts do not matter to him when he has an agenda to pound.
Again, one mo time, are you voting for Trump?
Just a personal ancedote that when I got my iPhone 6; the iPhone 6 Plus simply looked too big. Now, after 2 years I am kicking myself for not getting the larger iPhone. So much of what I use a phone for, is best used with a larger display.
Photos, GPS navigation, watching videos, viewing email, editing pictures or surfing. I use the iPhone for actual phone calls far less than I use it for anything else. Such as now, I am riding in the vanpool, home from the rocket shop, and posting on FR with my iPhone.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.