- Advertisment -

Apple Reports First Quarter Results with New All-Time Records

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.

 

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
“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. “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. “Cash flow from operations was very strong at $28.3 billion, and we returned $14.5 billion to investors through our capital return program.”
(Source: Apple Newsroom )
- Advertisement -

Popular Stories

Apple Pay Deal: Get 30 percent off from Ray-Ban

The sun is shining throughout the U.S., the temperatures are getting warmer and that means you might need a pair of sunglasses. Thankfully for you,...

(EXPIRED) Apple deals in Best Buy’s 2020 Memorial Day sale

Now is the weekend to be buying Apple products. We reported earlier that Target is having sales on the Apple Watch, which Best Buy...

Writer of the Month

Recent Stories

Noodles & Company adds Apple Pay support to its app

There just became another incentive to order out instead of cooking a lunch or dinner for yourself. Noodles & Company has added Apple Pay support...

Powerboats Pro coming in four new colors; available June 9

First released in April 2019, Beats is officially announcing four new colors to their Powerbeats Pro wireless earbuds today. At a price...