POST Online Media Lite Edition



 

Apple Q4 revenue $46.9 billion, EPS $1.67

Staff Writer |
Apple announced financial results for its fiscal 2016 fourth quarter ended September 24, 2016.

Article continues below






Apple posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion, or $1.67 per diluted share. These results compare to revenue of $51.5 billion and net income of $11.1 billion, or $1.96 per diluted share, in the year-ago quarter.

POST forecast EPS of $1.70 and revenue of $48 billion.

Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

Apple is providing the following guidance for its fiscal 2017 first quarter:

- revenue between $76 billion and $78 billion
- gross margin between 38 percent and 38.5 percent
- operating expenses between $6.9 billion and $7 billion
- other income/(expense) of $400 million
- tax rate of 26 percent

Apple board has declared a cash dividend of $0.57 per share of the company’s common stock.

The dividend is payable on November 10, 2016 to shareholders of record as of the close of business on November 7, 2016.


What to read next

Apple reports record Q1 revenue of $75.9 billion
Apple Q3 revenue up 7 percent to $45.4 billion
Apple Q4 revenue up 12% to $52.6 billion