As scheduled, Apple has just released its financial results for the fiscal fourth quarter 2016, ended on September 24th.
The company released a revenue of $ 46.9 billion and a net profit of $ 9 billion, or $ 1.67 put in thin. The figures compare to US $ 51.5 billion, US $ 11.1 billion and US $ 1.96, respectively, in the same period of 2015. The gross margin for the quarter was 38%, against 39.9% a year ago; international sales comprised 62% of the entire billing for the period.
Here are the numbers by product lines:
- iPhone: 45.5 million units sold (-5% year-over-year), revenues of US $ 28.2 billion (-13% year-over-year)
- iPad: 9.3 million units (-6%), revenues of US $ 4.3 billion (stable)
- Mac: 4.9 million units (-14%), revenues of US $ 5.7 billion (-17%)
- Services: revenues of US $ 6.3 billion (+ 24%)
- Others: revenues of US $ 2.4 billion (-22%)
As you can see, the big positive highlight was Apple's services that include iCloud, iTunes / App / iBooks Stores, Apple Music, etc. All other segments recorded annual declines in this fourth fiscal quarter.
Statement by the executive director (CEO), Tim Cook:
Our strong results for the September quarter ended a very successful 2016 fiscal year for Apple. We are pleased with the response of consumers to the iPhone 7, iPhone 7 Plus and Apple Watch Series 2, in addition to the incredible moment of our Services business, whose revenue grew 24% and registered another historic record.
And the finance director (CFO), Luca Maestri:
We are pleased to have generated $ 16.1 billion in operating cash flow, a new record for the September quarter. We also returned US $ 9.3 billion to investors through dividends and share repurchases during the quarter and now conclude more than US $ 186 billion from our capital return program.
Looking ahead to the first fiscal quarter of 2017 (always the highest of the year, including year-end sales), Apple predicts revenue between $ 76 and $ 78 billion, gross margin between 38% and 38.5%, spending operating between $ 6.9 and $ 7 billion, other income / (expenses) of $ 400 million and a 26% tax rate.
Apple's board today declared a cash dividend of $ 0.57 per share of the company, payable on November 10, 2016 to all shareholders registered at the end of business on November 7, 2016.
From 7 pm (for the summer time in Brasilia), anyone who wants to be able to follow a live audio conference in which Apple will disclose and comment on all these figures. Later we will have coverage of all the highlights of what to roll over here in , of course, as always.
Update · 10/25/2016 s 18:58
Wall Street did not, of course, get excited about Apple numbers. In the NASDAQ post-closing negotiations, the AAPL is operating now in 2% drop, quoted at $ 115.75.
Update II · 10/25/2016 s 19:01
Not surprisingly, the market reacted negatively: for the first time since 2001 (!), Apple ended its fiscal year with a drop in revenue. It was US $ 233.7 billion in 2015 against $ 215.6 billion in 2016, a reduction of 7.7%.
Update III · 10/25/2016 s 19:12
Something interesting to highlight with respect to her own forecast for the first quarter of 2017 that, even in the most conservative (US $ 76 billion), she would already register an annual growth in relation to the numbers of the first fiscal quarter of 2016 (billing of US $ 75, 9 billion). In other words, the company will grow again after a few quarters of decline.
