Mastodon Interesting points from Apple’s Q4 earnings call

About Me

Interesting points from Apple’s Q4 earnings call

Apple announced the financial results for its fiscal fourth quarter of 2017 this afternoon, and the numbers for the 3-month period are outstanding. All metrics were up from the year-ago quarter, including a 12% increase in revenue and 3% increase in iPhone sales.
Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’s performance and offer up some insights into its future. And as usual, we’ve rounded up some of the more interesting points from the call.
  • Apple expecting to earn between $84 billion and $87 billion in revenue for its first fiscal quarter of 2018
  • Apple’s services arm generated $8.5+ billion last quarter, now the size of a Fortune 100 company
  • Apple Watch grew over 50% for third consecutive quarter
  • Apple Music subscriptions up 75% year-over-year
  • Paid iCloud subscriptions up to 210 million, increase of 25 million since last quarter
  • Over 5 million US merchants will support Apple Pay by end of 2017
  • Luca Maestri: Mac doing well in enterprise market—all-time record sales for [fiscal] 2017
  • The company’s entire wearable category up over 75% year-over-year
  • Revenue for Apple was up 12% in Greater China, year-over-year
  • Revenue for India doubled year-over-year
  • Latest 451 Research study shows 97% customer satisfaction (or higher) across all iPhone models
  • Apple now has $268.9 billion in cash
  • There are now over 1,000 augmented reality apps on the App Store
At the time of writing, Apple’s stock was up 5% in after hours trading on the back of today’s strong report. If you want to listen to today’s earnings call, a replay will be available here for a limited time.