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Apple's Q4 2017 earnings turn out better than expected

In spite of all the Qualcomm lawsuits, Apple is doing well and even managed to sell more products. (Source: Apple)
In spite of all the Qualcomm lawsuits, Apple is doing well and even managed to sell more products. (Source: Apple)
Revenues cap at US$52.6 billion and Apple managed to sell more iPhones, iPads and Macs compared to Q4 2016. The iPhone 8/X models are expected to increase revenues by as much as US$35 billion for Q1 2018.

Unlike Qualcomm, Apple is having a better than expected financial Q4 this year, despite all the lawsuits and animosity between the two companies. The latest financial report even surpassed Apple’s own expectations, with positive figures all over the board, thanks to increased sales for iPhones, iPads and iMacs.

The actual figures show a 12 % increase over Q4 2016, amounting to US$52.6 billion in revenues. Apple managed to sell 46.7 million iPhones (3% more compared to Q4 2016), 10.3 million iPads (11% more vs Q4 2016) and 5.4 million Macs (10% more vs Q4 2016). These figures are not taking into account the launch of the iPhone 8/X, which should bring in an estimated US$32-35 billion more by the end of 2017. Thus, projected figures for the first 2018 quarter come close to a maximum US$87 billion in revenues, while the operating expenses are expected to be around US$7.75 billion.

Apple’s CEO, Tim Cook is pleased with the latest results and thinks the holiday season will play a major role for the success of the new iPhone 8/X lineup. “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.”

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 11 > Apple's Q4 2017 earnings turn out better than expected
Bogdan Solca, 2017-11- 3 (Update: 2017-11- 3)
Bogdan Solca
Bogdan Solca - News Editor
I stepped into the wonderous IT&C world when I was around 7. I was instantly fascinated by computerized graphics, be them from games or 3D applications like 3D Max. I like to keep myself up to date with all the new technologies that get released at an ever increasing rate these days. I'm also an avid SciFi reader, an astrophysics aficionado and, as of late, a crypto geek.