Apple has sold 1.2 billion iPhones since launch

Apple on Tuesday announced financial results for its fiscal 2017 third quarter ended July 1, 2017, posting quarterly revenue of $45.4 billion and earnings per diluted share of $1.67.

These results compare to revenue of $42.4 billion and earnings per diluted share of $1.42 in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue.

Apple sold 41 million iPhones during the quarter, surpassing 1.2 billion total iPhones sold.

“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO.

“We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”

“We reported unit and revenue growth in all our product categories in the June quarter, driving 17% growth in earnings per share,” said Luca Maestri, Apple’s CFO.

“We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”

Apple provided the following guidance for its fiscal 2017 fourth quarter:

  • Revenue between $49 billion and $52 billion
  • Gross margin between 37.5 percent and 38 percent
  • Operating expenses between $6.7 billion and $6.8 billion
  • Other income/(expense) of $500 million
  • Tax rate of 25.5 percent

Apple’s board of directors declared a cash dividend of $0.63 per share of the company’s common stock.

Read: Apple is killing off the iPod Shuffle and Nano

Must Read

Partner Content

Show comments

Trending Now

Follow Us

Apple has sold 1.2 billion iPhones since launch