AAPL financial results are in, and — surprise — they sold millions and made billions! Apple has just announced the company’s fourth quarter, 2016 financial results. As expected, the company made a ton of money. Also as expected, it’s being compared to the tons of money it previously made. What will Wall Street make of it? We’ll see. Apple Reports Fourth Quarter Results Services Revenue Grows 24% to All-Time Quarterly Record of $6.3 Billion CUPERTINO, California — October 25, 2016 — Apple® today announced financial results for its fiscal 2016 fourth quarter ended September 24, 2016. The Company 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. Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarte…

Source: The IPhone Blog

Comments are closed.