Apple reported their FY 16 4th Quarter results on October 25th. Here are 8 things you should know:
1. FY 2016 Revenue was $216B: If Apple was a country, they’d be the 47th largest according GDP, ahead of Portugal, Vietnam and Greece. This was down nearly 8% from 2015 ($234B).
2. Quarterly Revenue Down 9% YoY: Revenue for the quarter was $46.9B, down from $51.5B last year.
Continue reading “Apple Reports Quarterly Earnings: 8 Things You Should Know”
Below are my key takeaways from the Apple Q3 2016 Earnings Call on July 26:
Successfully launched the iPhone SE. Switchers accounted for the highest percentage of iPhone sales ever. Grew services business by 19% YoY and had highest App Store revenue ever. Returned $13B to investors through share repurchases and dividends.
Very bullish in China and India. In China, opened 41st Greater China retail store saw install base of iPhones grow by 34% YoY, making it the most common brand on country’s mobile network. In first 9 months of the year, have already seen $40B, up 55% from same time frame last year. In India, the first three quarters of the year saw iPhone sales up 51% YoY.
Apple Pay is being used in 75% of contact-less payments in the US. More than 11MM contactless ready locations in the countries where Apple Pay is available including 3MM locations in the US.
Continue reading “Q2 2016 (technically their Q3) – Apple Earnings Call Summary”