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Apple reports record first quarter results, revenue $78.4 billion

Staff Writer | January 31, 2017
Apple announced financial results for its fiscal 2017 first quarter ended December 31, 2016.
Apple company
Apple   Earnings per diluted share were $3.36
The company posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36.

POST forecast was EPS $3.25 on revenue of $75 billion.

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 percent of the quarter’s revenue.

Apple is providing the following guidance for its fiscal 2017 second quarter:

- revenue between $51.5 billion and $53.5 billion
- gross margin between 38 percent and 39 percent
- operating expenses between $6.5 billion and $6.6 billion
- other income/(expense) of $400 million
- tax rate of 26 percent.