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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Introducing the New “Tech 25”: Retail-Tech Companies To Watch in 2024 and Beyond—InfographicAnalyst Corner—Blending Monetary Rewards, Experiences and Technology: Explore US Retail Loyalty Programs with Sujeet NaikThe 50+ Woman: What She Needs from the Beauty and Wellness IndustryJune 2023 UK Retail Sales: Warm Weather Boosts Retail Sales Growth