Apple’s Q1 2017 Results

Back to growth:

Apple today announced financial results for its fiscal 2017 first quarter ended December 31, 2016. The Company posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36. These results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

Year-over-year unit sale changes, from Apple’s data summary:

  • iPhone up to 78.3 million from 74.8 million.
  • iPad down to 13.1 million from 16.1 million.
  • Mac up slightly, to 5.4 million from 5.3 million.
  • “Services” are up significantly, percentage-wise, to $7.2 billion in revenue, from $6.1 billion a year ago.

iPhone, Mac, and services are strong. iPad sales aren’t a disaster, but continue to slide. The year-over-year revenue numbers are telling (Q1 2017 / Q1 2016, in billions):

  • iPhone: $54.4 / $51.6
  • iPad: $5.5 / $7.1
  • Mac: $7.2 / $6.7
  • Services: $7.2 / 6.1

A year ago, iPad revenue was greater than that from Mac and services. Now, iPad has fallen behind both.

★ Tuesday, 31 January 2017