Insight Report 4 minutes PremiumApple (AAPL) 4Q16 Results: Beats on Bottom Line, Guides for 1Q17 Revenues Coresight Research October 27, 2016 Executive Summary Apple reported 4Q16 EPS of $1.67, down 14.6% year over year but beating the consensus estimate by $0.03. Revenues were $46.9 billion, down 9.0% year over year and slightly below the $47.0 billion consensus estimate. Apple sold 45.5 million iPhones in the quarter, slightly more than analysts expected. Unit sales for all product categories—iPhone, iPad and Mac—were down year over year. Services revenue was up 24%, setting a new record. Apple guided for 1Q17 revenues of $76–$78 billion, above the consensus estimate of $75 billion. The margin and expense ranges provided result in an EPS range of $3.06–$3.23, with the midpoint below the consensus estimate of $3.21. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US CPG Sales Tracker: Food and Beverages Category Drives Online Growth SlowdownUS CPG Sales Tracker: Nonfood CPG Rebounds, with E-Commerce and In-Store Growth AcceleratingHoliday 2024—Festive Fever as Holiday Shopping Heats Up: US Consumer Survey InsightsThree Things You Need To Know: Head-to-Head in US Drugstore Retailing—CVS Health vs. Walgreens Boots Alliance
