Quantcast

APPLE MUSIC KEY TO COMPANY'S Q4

Apple’s fiscal 2016 fourth quarter closed with a strong September, but the period’s revenue dipped $4.6b to $46.9b. Its Services business revenue rose 24% from 2015 to $6.3b with App Store revenue—driven by Apple Music—up 22%.

“We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record,” said Tim Cook, Apple’s CEO.

Luca Maestri, Apple’s CFO, had a positive spin on the quarter. “We are pleased to have generated $16.1b in operating cash flow, a new record for the September quarter. We also returned $9.3b to investors through dividends and share repurchases during the quarter and have now completed over $186b of our capital return program.”

For the fiscal 2017 first quarter, which runs 9/25 through Christmas, Apple predicts revenue between $76b and $78b; gross margin around 38%; and operating expenses of around $7b.

DUO TO RULE ISLAND
Two heads are better than one. (6/18a)
GUETTA GOES GLOBAL WITH WARNER MUSIC
Bugs is dancing in the street. (6/18a)
REVENUE CHART:
LIL BIG BUCKS
Pull up the Brinks truck. (6/18a)
TOP 20: POLO MATCH
Looks like we have a horse race. (6/17a)
MUSIC’S HOTTEST FIRMS: GREENBERG TRAURIG
Myriad lawyers, no waiting. (6/18a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)