Apple has just published their financial results for Q4 2016, which covered the three months from July through to September 2016. The company posted revenue of $46.9 billion with a quarterly net profit of $9 billion. Apple sold 9.2 million iPads, 45.5 million iPhones, and 4.8 million Macs during the quarter.
“Our strong September quarter results cap a very successful fiscal 2016 for Apple,” said Tim Cook, Apple’s CEO. “We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record.”
Estimates for Q4 2016 and the Year Ago Quarter (Q4 2015)
Apple’s guidance for Q4 2016 fell between $45.5 billion and $47.5 billion, with gross margin estimated to be between 37.5% and 38%.
In the year ago quarter (Q4 2015), Apple earned $51.5 billion in revenue, and $11.1 billion in profit. During that quarter Apple sold 48 million iPhones, 9.9 million iPads and 5.7 million Macs.
Graphical Visualization
Below, we’ve compiled a graphical visualization of Apple’s Q4 2016 financial results.
