21213 Apple reported financial results for the fourth quarter of 2017

Apple reported financial results for the fourth quarter of 2017



Apple reported financial results for the fourth quarter of 2017

Apple today published its financial report for the fourth quarter of 2017. The company’s revenues increased significantly compared to the previous quarter of this year.

During the reporting three months the company sold is 46.7 million of their smartphones. That roughly corresponded to 46 million units predicted by analysts on wall street. The proceeds from the sale of the smartphone is $the 28.85 billion last year over the same period, Apple sold 45.5 million iPhone units and raised $28,16 billion.

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During the fourth quarter, the company increased sales of iPads, with 9.27 million last year to 10.3 million this year. Revenue from tablet sales in the fourth quarter of the fiscal year was $4.83 billion, which is 14% more than last year. Income from services including iTunes, Apple Pay and App Store, amounted to $8.5 billion during the fourth fiscal quarter.

Overall, Apple reported a net profit of $10.7 billion in the fourth quarter of the fiscal year, which increased the profit shares in the amount of us $2.07 over the same period. This exceeded all expectations of experts from wall Street, which predicted a profit of $1,87. Revenue for the three months increased by 12% to $52.6 billion last year, Apple had the financial results for the fourth quarter of $46.9 billion and reported a profit in the amount of us $1.67 per share.

According to Tim cook, the company managed to complete the 2017 fiscal year with impressive results and set a new record of profit growth year on year. In addition, cook is confident that the submitted September 12, 8/8 iPhone Plus, Apple Watch Series 3 and Apple TV 4K will continue to bring the company huge profits during the Christmas and new year holidays. He was particularly pleased with the start of sales of smartphones iPhone X. After all, with the release of iPhone X, this amazing device, they are beyond excited to show his version of the future. We believe that in the first quarter of 2018, they will be able to show income at $84 – $87 billion.

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After the publication of the report, the company’s shares soared by 5% to $174. This is a new record high and holds a market capitalization of up to $900 billion, because Apple is closed, becoming the first company in the trillion dollars.

WSJ

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