The company announced $52.6 billion revenue for Q4 2017

Nov 2, 2017 21:59 GMT  ·  By

Apple on Thursday announced the company's financial results for fiscal year Q4 2017, which ended on September 30, after the usual earnings call via live streaming.

In the report, the Cupertino company announced a quarterly revenue of $52.6 billion, which represents an increase of 12 percent compared to last year's earning in the same quarter. Apple also reports quarterly earnings per diluted share of $2.07, which has grown as well to up to 24 percent.

International sales are accounted for 62 percent of the fiscal Q4 2017 earning, and, of course, it's all thanks to the new devices that Apple introduced in early September, including the iPhone 8 and iPhone 8 Plus smartphones, Apple Watch Series 3 smartwatch, Apple TV 4K set-top box, and last but not least the 10th anniversary iPhone, iPhone X.

"With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device," says Tim Cook, Apple CEO.

Apple forecasts a revenue between $84 and $87 billion for Q1 2018

For next year's first fiscal quarter, Apple forecasts a revenue between $84 billion and $87 billion, with a gross margin of 38 percent and 38.5 percent, and operating expenses between $7.65 billion and $7.75 billion, all probably thanks to the sales from iPhone X. They also believe that the tax rate would be 25.5 percent and other income or expense should be of about $600 million.

With that in mind, we believe Apple is growing as a company thanks to its premium products and services. You don't have to be an Apple fan to realize that an iPhone or MacBook is designed to last, not to mention that they offer superior quality over any other devices on the market, despite being very expensive.