- 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

How to Hide Apps on Your iPhone

Sometimes, we all are in a situation where we don't want other people to see an App on the Home screen. So, one simple...

AT&T TV NOW to add Marquee Sports Network this week

A day after it was announced that Hulu with Live TV will have the new Marquee Sports Network on its live TV streaming service,...

Recent Stories

Apple releases watchOS 6.1.3 and 5.3.5

Apple has released watchOS 6.1.3 and watchOS 5.3.5 to fix critical issues. This update fixed an issue which prevented the notification for "irregular heart...

AT&T TV NOW to add Marquee Sports Network this week

A day after it was announced that Hulu with Live TV will have the new Marquee Sports Network on its live TV streaming service,...