The iPhone maker recently created a commission with their outstanding and overwhelming quarterly performance report. The tech giant’s shares were up and are still expected to bolster today, just before the
Some of the highlights from the company’s quarterly report were the incredible revenue performance, EPS upbeat accomplishment, and the company’s gross margin; and these are just some of the major forecasts beat that Apple reported.
Apple’s Quarter in Figures
Looking at the company’s recent quarter, Apple manages to score a revenue increase by a massive 12% on a year-on-year take at $52.6 billion and setting a new September quarter record. On the other hand, the earnings per share or EPS were also massively buoyed from the positive quarter and were up by a whopping 24% at $2.07.
Other things that were highlighted in the previous quarter were; the total international sales, which accounted for a massive 62% of the quarter’s total revenue and the company’s upgraded guidance for the fiscal 2018 first quarter.
For this year’s quarter, Apple sales for America was tallied to be at $23,099, Europe at $13,009, Greater China at $9,801, Japan at $3,858, and the rest of Asia Pacific at $2,812. For the company’s product, the
Fiscal 2018 First Quarter Guidance
Due to Apple’s massive surge this quarter, coupled with the strong and steady growth in iPhone X’s popularity, the company managed to update their forecast for the first quarter of 2018. Apple expects their revenue to hit $84 billion and $87 billion, while the gross margin is expected to hit the 38% and $38.5%.
Apple is also expecting its operating expenses between $7.65 billion and $7.75 billion, the other income/expense to go around at the $600 million mark, and lastly, the tax rate to reach a total of 25.5% by the end of the quarter.
According to Apple’s CFO, Luca Maestri, “Apple’s year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter,” and “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”
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