Notes on Apple on 02/01/2018 for the fourth quarter of 2017:
- Net Income $20.07 Billion up 12% from last year
- Revenue Rose 13% to $88.3 Billion
- Sold 77.3 Million iPhone a decrease of 1% from year prior expectation of 90.2
- “Other” product category including watches grew 36% to $5.5 Billion
- “Other” services category including App Store and Apple Music rose 18% to $8.5 Billion
- Sold 13.2 Million iPads up 1%
- Mac sells down 5% to $5.1 Million
- Cash held overseas $252 Billion
- Repatriation tax of $38 Billion
- Apple iPhone X increase the average selling price of iPhones by 15%
- Forecast weaker than expected for the current 1st quarter of 2018 to $60 to $62 billion below analyst estimate or %65 Billion according to LA Times
- Shares gained 3% after-hours on earnings news to $167.78
- Apple Shares have gained 45% since last year
- Apple shipped 29 Units of iPhone X about 6 million less than expected
- R&D spending is $11.58 Billion
- Apple has 1.3 Billion devices active a 30% increase from 2 years ago
- Apple sold 5.1 Million Macs revenue of $6.9 Billion 5% year of Year decline
- Apple sold 13.2 Million iPads up 1% from a year prior posting $5.9 Billion revenue a 6% increase
- Apple music and services had revenue of $8.5 billion up 18% from last year’s $7.2 billion
- Apples other products including Apple TV and AirPods revenue was $5.5 billion up 36% for prior year
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