Apple reports fourth quarter revenue of $52.6 billion

Apple on Thursday posted quarterly revenue of $52.6 billion, an increase of 12 percent from a year ago. Quarterly earnings were at $10.7 billion, up 24 percent, the company said.

“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Tim Cook, Apple’s CEO. “With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

Apple sold 46.6 million iPhones during the fourth quarter, up 3 percent over the year-ago quarter. The company sold 10.3 million iPads in the quarter, up 11 percent over the year-ago quarter, and they sold 5.3 million Macs, up 10 percent from last year.

Services revenue is up 34 percent over last year.

  • James Hughes

    That’s it, they’ve peaked. It’s all downhill from here. Apple is doomed.

  • rick gregory

    “The company sold 10.3 million iPads in the quarter, up 11 percent over the year-ago quarter,…”

    2nd quarter in a row. Nice.

    • lkalliance

      I wonder if it’s mostly due to the newer products in the line, or if we’ve actually hit (or are encountering) a peak in the actual replacement cycle.

      • rick gregory

        Some of each, probably. The Pro line and iOS 11 together make the iPad much more powerful as a laptop replacement for some folks, esp those who want a tablet primarily but who needed a bit more capability as a laptop than iOS 10 allowed for. Add in that anyone with a iPad 2 or so is using an OLD iPad and…

        • lkalliance

          Also add in the new iPad Low. When it arrived we upgraded our old third generation iPad, perhaps a lot of people did.

          • rick gregory

            Good point – hard to resist at that price.

      • John Kordyback

        My iPad Pro feels like a significant upgrade to me. I think they’ve finally found the product setup that makes people want to upgrade.

  • More Mac revenue than any time in Apple’s history. Wow, that’s amazing.

    $8 billion for services for a quarter. Yikes, they’re on fire. Looks like the stock is up quite a bit in the aftermarket.

  • DanielSw

    This is real economics at work: providing valuable final products people (all over the world) actually want and are not only willing, but who actually save up for, work harder for, get better jobs for, in order to afford those products and willingly pay the price for and even wait long hours in line for.

    Peaks and troughs happen, naturally, but the demand for Apple products obviously transcends these variations.

    Apple is the envy of other non-parasitic companies, as well as a role model for individuals who recognize and value its fundamental values.

    • GlennC777

      Agree Daniel. Apple is an excellent example of free markets working well, improving lives all over the world, both for those who use their devices and those who they employ. (Also for those who own their shares).