{"id":189574,"date":"2017-08-02T07:23:05","date_gmt":"2017-08-02T05:23:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=189574"},"modified":"2017-08-02T07:23:05","modified_gmt":"2017-08-02T05:23:05","slug":"apple-has-sold-1-2-billion-iphones-since-launch","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/189574\/apple-has-sold-1-2-billion-iphones-since-launch\/","title":{"rendered":"Apple has sold 1.2 billion iPhones since launch"},"content":{"rendered":"<p>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.<\/p>\n<p>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\u2019s revenue.<\/p>\n<p>Apple sold 41 million iPhones during the quarter, surpassing 1.2 billion total iPhones sold.<\/p>\n<p>\u201cWith revenue up 7 percent year-over-year, we\u2019re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,\u201d said Tim Cook, Apple\u2019s CEO.<\/p>\n<p>\u201cWe hosted an incredibly successful Worldwide Developers Conference in June, and we\u2019re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.\u201d<\/p>\n<p>\u201cWe reported unit and revenue growth in all our product categories in the June quarter, driving 17% growth in earnings per share,\u201d said Luca Maestri, Apple\u2019s CFO.<\/p>\n<p>\u201cWe also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.\u201d<\/p>\n<p>Apple provided the following guidance for its fiscal 2017 fourth quarter:<\/p>\n<ul>\n<li>Revenue between $49 billion and $52 billion<\/li>\n<li>Gross margin between 37.5 percent and 38 percent<\/li>\n<li>Operating expenses between $6.7 billion and $6.8 billion<\/li>\n<li>Other income\/(expense) of $500 million<\/li>\n<li>Tax rate of 25.5 percent<\/li>\n<\/ul>\n<p>Apple\u2019s board of directors declared a cash dividend of $0.63 per share of the company\u2019s common stock.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/technology\/188629\/apple-is-killing-off-the-ipod-shuffle-and-nano\/\" target=\"_blank\" rel=\"noopener\">Apple is killing off the iPod Shuffle and Nano<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. <\/p>\n","protected":false},"author":10,"featured_media":65538,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[51],"class_list":["post-189574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-apple"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/189574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=189574"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/189574\/revisions"}],"predecessor-version":[{"id":189578,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/189574\/revisions\/189578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/65538"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=189574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=189574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=189574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}