Apple today released its results for the fourth quarter of its fiscal 2016.
During the three-month period that ended on September 24, Apple sold 45.5 million iPhones, down slightly year-over-year (YoY) from the 48 million iPhones that Apple sold in Q4 2015. iPad sales for Q4 2016 finished at 9.3 million, down YoY from 9.9 million in Q4 2015.
Mac sales for Q4 2016 finished at 4.9 million. That, too, is down from Q4 2015, when Apple moved 5.7 million Macs.
Moving over to financials, Apple posted a quarterly revenue of $46.9 billion and a quarterly income of $9 billion. Both numbers are down YoY, with Apple pulling in $51.5 billion in revenue and $11.1 billion in income in Q4 2015.
Here’s what Apple CEO Time Cook had to say about his company’s Q4 2016 performance:
“Our strong September quarter results cap a very successful fiscal 2016 for Apple. 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.”
This is the third straight quarter that Apple’s iPhone sales have been down year-over-year. Of course, iPhone sales had to slow at some point, because eventually Apple would run out of people to sell iPhones too. It’ll be interesting to see if this trend continues for a fourth quarter or if the iPhone 7 and iPhone 7 Plus can perform well during the holiday season and reverse this trend of slowing iPhone sales.
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