Apple has posted all-time record quarterly revenue of $78.4 billion and highest-ever quarterly earnings per diluted share of $3.36 for its fiscal 2017 first quarter ended December 31, 2016.

These results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter. International sales accounted for 64 per cent of the quarter’s revenue.

Apple sold 78.29 million iPhones in the first quarter ended Dec. 31, up from 74.78 million last year, while the services business, which includes the App Store, Apple Pay and iCloud, recorded an 18.4 per cent growth in revenue,

“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,” said Tim Cook, Apple’s CEO.

 “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”

“Our outstanding business performance resulted in a new all-time record for earnings per share, and over $27 billion in operating cash flow,” said Luca Maestri, Apple’s CFO.

 “We returned nearly $15 billion to investors through share repurchases and dividends during the quarter, bringing cumulative payments through our capital return program to over $200 billion.”


The company forecast total revenue of between $51.5 billion and $53.5 billion for fiscal 2017 second quarter.

Apple’s board of directors has declared a cash dividend of $0.57 per share of the Company’s common stock.  The dividend is payable on February 16 to shareholders of record as of the close of business on February 13. – TradeArabia News Service