Apple smashes Street with biggest quarter in company history

MacDailyNews ^ | Thursday, February 1, 2018 · 4:31 pm

[Swordmaker]

Apple today announced financial results for its fiscal 2018 first quarter ended December 30, 2017. The Company posted quarterly revenue of $88.3 billion, an increase of 13 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $3.89, up 16 percent, also an all-time record. International sales accounted for 65 percent of the quarter’s revenue.

“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple’s CEO, in a statement. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

“Thanks to great operational and business performance, we achieved all-time record profitability during the quarter, with EPS up 16 percent,” said Luca Maestri, Apple’s CFO, in a statement. “Cash flow from operations was very strong at $28.3 billion, and we returned $14.5 billion to investors through our capital return program.”

• iPhone: 77.316 million units, $61.576 billion revenue (YOY change: – 1% units, +13% revenue)
• iPad: 13.170 million units, $5.862 billion revenue (YOY change: +1% units, +6% revenue)
• Mac: 5.112 million units, $6.895 billion revenue (YOY change: -5% units, -5% revenue)
• Services: $8.471 billion (YOY change: +18% revenue)

Apple is providing the following guidance for its fiscal 2018 second quarter:

• revenue between $60 billion and $62 billion
• gross margin between 38 percent and 38.5 percent
• operating expenses between $7.6 billion and $7.7 billion
• other income/(expense) of $300 million
• tax rate of approximately 15 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 February 15, 2018 to shareholders of record as of the close of business on February 12, 2018.

Thomson Reuters consensus estimate expected earnings of $3.86 per share, revenue of $87.28 billion, and Q218 revenue guidance of $65.73 billion. StreetAccount expected Q218 margin guidance of 38.9%. FactSet expected iPhone unit sales of 80 million

[Paradox]

Hehe. More MAGAnomics!

[al baby]

BM

[Mr. K]

Well, when you sell $100 item for $1000 to millions of morons, you should do good...

[GoldenState_Rose]

A single U.S. company is wealthier than most countries of the world combined...

Have they stopped making things in China?

[Moonman62]

tax rate of approximately 15 percent

[Swordmaker]

Apple’s Quarter best in history of all corporations in history! — PING!

Apple Blows Through Record Street Projections
Ping!

The latest Apple/Mac/iOS Pings can be found by searching Keyword "ApplePingList" on FreeRepublic's Search.

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[aMorePerfectUnion]

Ooooo... this isn't good for the thread trolls who proclaim Apple products suck, are too expensive, people aren't upgrading anymore, there are no new ideas, Apple sabotaged the speed to force people to buy new phones, etc.

Of course, these same people said that Microsoft was going to wipe out Apple when they introduced their own phone.

[Nifster]

Oh no that can’t be. All the pundits said different the other day

[aMorePerfectUnion]

"Well, when you sell $100 item for $1000 to millions of morons, you should do good...

Sort of like any luxury positioned brand, like Mercedes.

I'll put you down as a Yugo guy.

[unixfox]

Trumps fault!

[itsahoot]

Did you see Drudge's big red Banner? Link is to Bloomberg

APPLE SELLS LESS IPHONES

So which is right Drudge or Rush?

[PGR88]

Those are just insane figures.

My only comment - unit sales on all their products are flat.

[big'ol_freeper]

Looks like Rush was right as usual

[SunkenCiv]

Thanks Swordmaker. You do of course realize what this means?

Apple is Doomed.

[ProtectOurFreedom]

Can you please provide the URL of your company? I'm eager to buy your $100 phone.

Wait, hold on! I think a call is coming in on your phone now.

[SunkenCiv]

One of the problems with a corrupt media is, it isn’t constrained to their political reporting. Oops, there I go, attacking the first amendment. How dangerous.

[ProtectOurFreedom]

I see that there’s no unit growth. Wonder why they need to build another new HQ with 20,000 people. There must be some big products in the pipeline. Wonder what they are up to. The nonstop rumors about cars ended and the new rumors are they abandoned that.

[SunkenCiv]

Considering that the rumor that was getting peddled a couple months ago was that iPhone X orders from Apple to its suppliers were down 40%, and that the rumor reemerged in the past couple of weeks to assert that iPhone X orders were down 50%, I’ll make a wild guess...

The margin on the X must be a bit higher (ahem) than earlier models, despite the somewhat higher (ahem) cost in parts. But the unit sales were off a mere 1%, which would seem to have been easily offset by the higher margins.

[House Atreides]

Like moths drawn unwittingly to the light, so anti-Apple trolls are drawn irresistibly to Apple threads. There, they attack an American company which is bringing its wealth to America. And extol a competing Korean company taking its profits to Korea.

Amazing.

MAGA