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Monthly Archives: January 2017

R3 Director: 2017 is the Year of the DLT Pilot

Banking consortium startup R3 has predicted 2017 will be the year enterprises dive into testing pilot versions of DLT and blockchain apps.

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Greg Maxwell Breaks Down Blockchain: The ‘Uncontrollable Noun’

Blockstream CTO Greg Maxwell addressed the growing blockchain hype in a nuanced talk at Construct 2017 today.

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Apple Reports Record First Quarter Results

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View a mobile-optimized version on Apple Newsroom

Apple Reports Record First Quarter Results

iPhone, Services, Mac and Apple Watch Set All-Time Records

CUPERTINO, California — January 31, 2017 — Apple® today announced financial results for its fiscal 2017 first quarter ended December 31, 2016. The Company posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36. These results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,” said Tim Cook, Apple’s CEO. “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”

“Our outstanding business performance resulted in a new all-time record for earnings per share, and over $27 billion in operating cash flow,” said Luca Maestri, Apple’s CFO. “We returned nearly $15 billion to investors through share repurchases and dividends during the quarter, bringing cumulative payments through our capital return program to over $200 billion.”

Apple is providing the following guidance for its fiscal 2017 second quarter:
  • revenue between $51.5 billion and $53.5 billion
  • gross margin between 38 percent and 39 percent
  • operating expenses between $6.5 billion and $6.6 billion
  • other income/(expense) of $400 million
  • tax rate of 26 percent

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 February 16, 2017 to shareholders of record as of the close of business on February 13, 2017.

Apple will provide live streaming of its Q1 2017 financial results conference call beginning at 2:00 p.m. PST on January 31, 2017 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

This press release contains Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 24, 2016 and its Form 10-Q for the fiscal quarter ended December 31, 2016 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Press Contact:
Kristin Huguet
Apple
khuguet@apple.com
(408) 974-2414

Investor Relations Contacts:
Nancy Paxton
Apple
paxton1@apple.com
(408) 974-5420

Joan Hoover
Apple
hoover1@apple.com
(408) 974-4570
 

Apple Media Helpline (408) 974-2042

Germany’s Central Bank Details Blockchain Trading Test Results

For Germany’s central bank, blockchain has proven to be a promising – if not somewhat complicated – technology.

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NH Legislators Seek Money Transmission Exemption for Bitcoin Startups

Legislators in New Hampshire have filed a new bill that aims to clarify rules around digital currencies and money transmitters.

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Construct 2017: Life After SegWit? Bitcoin Gridlock Takes the Stage

Construct's open-source developer conference saw notable discussions, though talk of bitcoin's scaling issues was a persistent theme.

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8 Ways to Get the Most Out of a Technical Conference This Year

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Bitcoin Lightning Network Creator Joins MIT Digital Currency Effort

Tadge Dryja, one of the developers behind a popular bitcoin scaling proposal, has joined MIT's blockchain and cryptocurrency group.

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Bitcoin Price Breaks Sleepy Spell to Jump Above $950

Bitcoin prices are up more than 3% since the start of the day’s trading, climbing above $950 for the first time in weeks.

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The FBI is Worried Criminals Might Use the Private Cryptocurrency Monero

An FBI special agent has said it's unclear how the agency would respond to widespread criminal use of privacy-enhancing cryptocurrencies like monero.

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Chain Previews New Blockchain Privacy Tech ‘Confidential Assets’

Chain previewed forthcoming privacy features for its enterprise blockchain protocol at CoinDesk's developer event yesterday.

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FBI Concerned About Criminal Use of Private Cryptocurrency Monero

An FBI special agent has said it's unclear how the agency would respond to widespread criminal use of privacy-enhancing cryptocurrencies like monero.

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The Battle For Bitcoin’s Shifting Exchange Volumes is Escalating

Bitcoin traders have new uncertainty to deal with as exchanges that once dominated trading volume fall by the wayside and new exchanges rise up.

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Federal Reserve Staffer Fined for Mining Bitcoins at Work

A Fed staffer has plead guilty to mining bitcoins at work.

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Bitcoin Payments Startup BitPesa Raises $2.5 Million

Bitcoin payments startup BitPesa has raised $2.5m in a new Series A funding round.

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