Apple announced Financial results for Q4 2016
Apple has officially released its financial results for Q4 of 2016 reporting a revenue of 46.9 billion $. Sales of products remain flat and for iPhone are negative as compared to same period last year.
Here are Q4 2016 numbers compared to figures from the same quarter in 2015.
- Revenue: $46.9 billion vs. $51.5 billion, down 9%
- iPhones: 45.5 million vs. 48.05 million, down 5%
- iPads: 9.3 million vs. 9.88 million, down 6%
- Macs: 4.8 million vs. 5.71 million, down 14%
Here are the comments from CEO Tim Cook and CFO Luca Maestri:
“Our strong September quarter results cap a very successful fiscal 2016 for Apple,” said Tim Cook, Apple’s CEO. “We’re thrilled with the customerresponse to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record.”
“We are pleased to have generated $16.1 billion in operating cash flow, a new record for the September quarter,” said Luca Maestri, Apple’s CFO. “We also returned $9.3 billion to investors through dividends and share repurchases during the quarter and have now completed over $186 billion of our capital return program.”