Apple is gearing up to launch new Macs on Thursday, which is reportedly why it rescheduled its Q4 earnings report for Tuesday—so Macs will dominate the headlines instead of the company’s snoozeworthy (for Apple) Q4 report.
The company sold 45.5 million iPhones in the fourth quarter—also its final quarter of fiscal 2016—though that includes just two weeks of iPhone 7 sales and only the earliest signs of Samsung’s Galaxy Note7 catastrophe impact.
The iPhone sales were better than expected: Analysts had forecast 44.8 million phones shipped in Q4, which Apple handily exceeded. Apple made a $9 billion profit off of $46.9 billion in revenue in Q4, down year-over-year from an $11.1 billion profit off $51.5 billion in Q4 of 2015. And while profits and revenue are down pretty much across the board, Apple is again choosing to focus on its services, a bright spot in the company’s portfolio. Services revenue, which includes iCloud, Apple Music, iTunes, and the App Store, grew 24 percent to $6.3 billion in the fourth quarter.
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