Apple's Q4 2017 earnings turn out better than expected
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.”