iWorld

Q4-16: Apple Services clocks 24 per cent growth, Other Products revenue falls

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/10/26/Tim-Cook_0.jpg?itok=Zjotyyfa

BENGALURU:  Apple Inc (Apple) Services product recorded a 24.4 percent year-over-year (y-o-y) growth in revenue for the quarter ended 30 September 2016 (Q4-16, current quarter) amidst a 9 percent y-o-y fall in total revenues. Apple Services includes revenue from Internet Services, AppleCare, Apple Pay, licensing and other services.

Apple Services reported revenue of $6,325million for Q4-16 versus $5,086 million in the corresponding year ago quarter, while Apple Total revenue in Q4-16 was $46.852 million versus $51,101 million in Q4-15.

However, across sequential quarters, Apple Services revenue increased only 5.8 percent in Q4-16 from $5,976 million as against 10.6 percent growth in total revenue from $42,358 million during the same period.

Apple Services contribution to overall revenue grew to 13.5 percent in the current quarter from 9.9 percent in the corresponding year ago quarter, but was slightly lower than 14.1 percent in the immediate trailing quarter.

Apple’s “Other Products’, which include sales of Apple TV, Apple Watch, Beats products, iPod and Apple-branded and third-party accessories saw a 22.1 percent y-o-y decline in revenue to $2,373 million in the current quarter from $3,048 million. Across sequential quarters (q-o-q), ‘Other Products’ recorded a 6.9 percent growth in Q4-16 from $2,219 million.

‘Other Products’ contribution to overall revenue declined to 5.1 percent in the current quarter from 5.9 percent in the corresponding year ago quarter and 5.2 percent in the immediate trailing quarter.

Major Products

Apple’s major Product is the iPhone which saw y-o-y declines of 5.3 percent and 12.6 percent in number of units sold and revenues respectively in Q4-16. iPhone sales revenue in the current quarter was $28,160 million (60.1 percent of total revenue) versus $32,209 million (62.5 percent of total revenue) in Q4-15. 40.513 million iPhones were sold in  the current quarter versus 48.046 million in the corresponding year ago quarter.

During sequential quarters, iPhone sales witnessed growth rates of 12.7 percent and 17.1 percent in number of units sold and revenues respectively in Q4-16. iPhone sales revenue in Q3-16 was $24,048 million from 40.399 million units.

Among Apple’s other well-known products, the iPad witnessed y-o-y and q-o-q declines in number of units sold and revenues, while the Apple Mac recorded q-o-q declines.

Geographical split

Apple’s segments are Americas, Europe, Greater China, Japan and Rest of Asia Pacific (APac), with the America’s contributing more than 42 percent in terms of revenue.

Revenue from the Americas declined 7.1 percent y-o-y to $20.229 million (43.2 percent of total revenues) from $21,773 million (42.3 percent of total revenues. Across sequential quarters, revenue from the Americas increased 12.6 percent in the current quarter from $17,963 million (42.4 percent of total revenues).

Revenue from the European segment grew 2.5 percent y-o-y and 12.4 percent q-o-q to $10,842 million (23.1 percent of total revenue) from $10,577 million (20.5 percent of total revenue) and from $9,643 million (22.8 percent of total revenue) respectively.

Revenue from the China segment declined 29.8 percent y-o-y and declined 0.7 percent q-o-q to $8,785 million (18.8 percent of total revenue) from $12,518 million (24.3 percent of total revenue) and from $8,848 million (20.9 percent of total revenue) respectively.

Revenue from the Japan segment grew 10.1 percent y-o-y and 22.5 percent q-o-q to $4,324 million (9.2 percent of total revenue) from $3,939 million (7.6 percent of total revenue) and from $3,529 million (8.3 percent of total revenue) respectively.

Revenue from the APac segment declined 1.2 percent y-o-, but grew 12.5 percent q-o-q to $2,672 million (5.7 percent of total revenue) from $2,704 million (5.3 percent of total revenue) and grew from $2,375 million (5.6 percent of total revenue) respectively.

Profits, Apple’s board declares dividend

Apple posted a 19 percent y-o-y decline in net income at $9,014 million (19.2 percent margin) for Q4-16 versus $11,124 million 21.6 percent margin). Earnings per diluted share declined to $1.68 in the current quarter from $1,96 in Q4-15.

Apple's board of directors has declared a cash dividend of $0.57 per share of the Company's common stock. The dividend is payable on November 10, 2016 to shareholders of record as of the close of business on November 7, 2016.

Company speak

"Our strong September quarter results cap a very successful fiscal 2016 for Apple," said apple CEO Tim Cook. "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."

"We are pleased to have generated $16.1 billion in operating cash flow, a new record for the September quarter," said Apple CFO Luca Maestri. "We also returned $9.3 billion to investors through dividends and share repurchases during the quarter and have now completed over $186 billion of our capital return program," added Cook.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/21/tcl.jpg?itok=kpoqCthB
DocuBay Partners with TCL Electronics to offer premium library of documentaries

MUMBAI: IN10 Media Network’s DocuBay, a premium global membership streaming service exclusively for documentary features has entered into a multi-territory distribution deal with TCL Smart TVs, one of India’s fastest-growing TV brands and the world’s second-largest TV manufacturer. This...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/21/hoichoi.jpg?itok=HGHfk1Wz
Hoichoi aims to double its size and revneue

KOLKATA: From the beginning of its journey, the Bengali OTT platform Hoichoi has relied on a subscription-based model to run its business. While naysayers used to say Indian audience would not pay for content, the faith on people’s will to pay for good content has paid off the streaming service....

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/21/more.jpg?itok=9OproORA
Facebook launches another phase of More Together campaign

Facebook has launched the next phase of its ‘More Together’ campaign in India ahead of the much-awaited cricket and festive season. The campaign underlines the brand belief that people can do more together than alone.

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/21/tiktok.jpg?itok=R4INOeaR
Trump approves TikTok deal 'in concept'

It seems that the Byte Dance owned short video platform TikTok has got a breather in the US after the president had ordered the app to be banned in the region, citing national security concerns.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/21/zee5.jpg?itok=Sm_0XFGg
Vi to offer free ZEE5 premium subscription

The newest telecom brand Vi has rolled out an exciting proposition for its prepaid customers that will enable them to enjoy one year of ZEE5 premium membership at no additional cost.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/18/hoichoi.jpg?itok=3SYfiFGR
Hoichoi achieves a subscriber base of 13 million

KOLKATA: The leading Bengali OTT platform, Hoichoi, has completed three years in the industry with its grand launch in 2017. It has achieved a subscriber base of 13 million with 40 per cent of its revenue coming from international customers. It has also doubled its revenue in the past year. With...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/18/avia.jpg?itok=uc8CswH7
AVIA hosts the Satellite Industry Forum focusing on video in the satellite world

KOLKATA: The Asia Video Industry Association (AVIA) will be hosting this year’s Satellite Industry Forum (SIF) as a virtual conference, taking place over two days, from 24 – 25 September, 9.30am – 11.30am (SGT).

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/17/avia.jpg?itok=sZPwhXdl
Huge decrease in levels of streaming piracy seen in Malaysia over last 12 months

KUALA LUMPUR: A new study of the online content viewing behaviour of Malaysian consumers, has found a massive 64 per cent decrease in consumers accessing piracy websites over the past 12 months. The survey commissioned by the Asia Video Industry Association’s Coalition Against Piracy (CAP) and...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/16/altbalaji-logo.jpg?itok=00kayN1w
ALT-Balaji a ray of hope in a productionless Covid quarter for Balaji Telefilms

BENGALURU: The most successful television content and film production house in India, the Shobha Kapoor and Ektaa Kapoor led Balaji Telefilms Limited (Balaji) reported a standalone loss of Rs 1.40 crore on a standalone operating revenue of Rs 21.17 crore for the quarter ended 30 June 2020 (Q1 2021...

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories

* indicates required