Insight ReportApple (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: Consumer Sentiment Declines as Tariffs Loom: Weekly US Consumer Sentiment, Week 28, 2025—InfographicInnovator Profile: Big Sur AI—Boosting Brands’ Profitability with Commerce-First AI AgentsAgentic Commerce: How Retailers Can Employ OpenAI’s Agentic Commerce Protocol To Unleash a True AI Shopping AgentTrends and Predictions for 2025 with Updates from CES and NRF: Premium Subscriber Call, January 2025
