Apple 2017 Q1 Summary Data

Results of Operations 2017 Q1
78.3
Net Sales
billions USD
30.1
G. Profit
billions USD
17.9
N. Income
billions USD
78.2 M
iPhone sold
13.0 M
iPad sold
5.3 M
Mac sold

Three months ended December 31, 2016.
Apple Inc. AAPL
Period from September 24 to Decemmber 30, 2016 (values in USD). Source Nasdaq.
Overview
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.
Net Sales by Operating Segment
The following table shows net sales by operating segment during three months ended December 30, 2016.

Segment 2017 Q1 Change 2016 Q4
Americas 31,968 58% 20,229
Europe 18,521 71% 10,842
Greater China 16,233 85% 8,785
Japan 5,766 33% 4,324
Rest of Asia Pacific 5,863 119% 2,672
Total net sales 78,351 67% 46,852
Values in millions USD.
Net Sales by Product
The following table shows net sales by product during three months ended December 30, 2016.

Product 2017 Q1 Change 2016 Q4
iPhone (1) 54,378 93% 28,160
iPad (1) 5,533 30% 4,255
Mac (1) 7,244 26% 5,739
Services (2) 7,172 13% 6,325
Other Products (1)(3) 4,024 70% 2,373
Total net sales 78,351 67% 46,852
iPhone Revenue
iPad Revenue
Mac Revenue
Values in millions USD.
(1) Includes deferrals and amortization of related software upgrade rights and non-software services.
(2) Includes revenue from Internet Services, AppleCare, Apple Pay, licensing and other services.
(3) Includes sales of Apple TV, Apple Watch, Beats products, iPod and Apple-branded and third-party accessories.

Unit Sales by Product
Product 2017 Q1 Change % 2016 Q4
iPhone 78,290 72% 45,513
iPad 13,081 41% 9,267
Mac 5,374 10% 4,886
iPhone
iPad
Mac
Units in thousands.

Consolidated Statement of Operations
2017 Q1 Change 2016 Q1
Net sales 78,351 3% 75,872
Cost of sales 48,175 6% 45,449
Gross margin 30,176 -1% 30,423
Operating expenses:
Research and development 2,871 19% 2,404
Selling, general and administrative 3,946 3% 3,848
Total operating expenses 6,817 9% 6,252
Operating income 23,359 -3% 24,171
Other income/(expense), net 821 104% 402
Income before provision for income taxes 24,180 -2% 24,573
Provision for income taxes 6,289 1% 6,212
Net income 17,891 -3% 18,361
Earnings per share:
Basic (in dollars per share) 3.38 2% 3.3
Diluted (in dollars per share) 3.36 2% 3.28
Shares used in computing earnings per share:
Basic (in shares) 5,298,661 -5% 5,558,930
Diluted (in shares) 5,327,995 -5% 5,594,127
Cash dividends declared per share (in dollars per share) 0.57 10% 0.52
Values millions, except number of shares which are reflected in thousands and per share amounts.

Apple designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications.

Sector Technology
Industry Hardware
Market NASDAQ:AAPL
Founded April 1, 1976
Initial Public Offer December 12, 1980
Employees 110,000
Website https://www.apple.com

Amazon 2016 Q3 Summary Data

Results of Operations 2016 Q31
32.7
Net Sales
billions USD
11.4
G. Profit
billions USD
252
N. Income
millions USD
29%
sales2

1 Three months ended September 30, 2016.
2 Year over year.
Amazon.com Inc. AMZN
Period from March 31 to June 30, 2016 (values in USD). Source NASDAQ.
Overview

Sales increased 29% in Q3 2016 and 29% for the nine months ended September 30, 2016, compared to the comparable prior year periods. North America sales increased 26% in Q3 2016 and 27% for the nine months ended September 30, 2016, compared to the comparable prior year periods. International sales increased 28% in Q3 2016 and 27% for the nine months ended September 30, 2016, compared to the comparable prior year periods.

16 Q3 16 Q2 16 Q1 15 Q4 15 Q3
Revenue1 32,714 30,404 29,128 35,747 25,358
Gross Profit1 11,454 11,224 10,262 11,406 8,603
Net Income1 252 857 513 482 79
Revenue by quarter
Net Income by quarter
1 Values in millions USD.
Segment Informations
Net sales, period Q3 2016
Segments USD %
North America 18.8 B 58%
International 10.6 B 32%
AWS 3.2 B 10%
Total 32,7 B
Consolidated Statement of Operations1 2
2016 Q3 2015 Q3
Net product sales $ 22,339 $ 18,463
Net service sales 10,375 6,895
Total net sales 32,714 25,358
Operating expenses
Cost of sales 21,260 16,755
Fulfillment 4,335 3,230
Marketing 1,738 1,264
Technology and content 4,135 3,197
General and administrative 639 463
Other operating expense, net 32 43
Total operating expenses 32,139 24,952
Operating income 575 406
Interest income 26 13
Interest expense -118 -116
Other income (expense), net 8 -56
Total non-operating income (expense) -84 -159
Income before income taxes 491 247
Provision for income taxes -229 -161
Equity-method investment activity, net of tax -10 -7
Net income 252 79
Basic earnings per share (in usd per share) 0.53 0.17
Diluted earnings per share (in usd per share) 0.52 0.17
1 Three months ended September 30, 2016.
2 Values in millions USD.

Amazon is an electronic commerce and cloud computing company that also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, and Echo.

Sector Consumer Discretionary
Industry Retail - Discretionary
Market NASDAQ:AMZN
Founded July 5, 1994
Initial Public Offer May 15, 1997
Employees 230,800
Website https://www.amazon.com

Twitter 2016 Q3 Summary Data

Results of Operations 2016 Q31
615
Revenue
millions USD
398
G. Profit
millions USD
102
Net Loss
millions USD
317
million MAUs2
-44%
cost per engagement3
3,910
full-time employees

1 Three months ended September 30, 2016.
2 Average monthly active users for Q3 (up 3% year-over-year).
3 Average CPE change year-over-year.
Twitter Inc. TWTR
Three months ended September 30, 2016 (values in USD). Source NASDAQ.
Overview
Total revenue reached $616 million for the third quarter, up 8% year-over-year. The company announced a restructuring and reduction in force affecting approximately 9% of Twitter’s positions globally. Twitter has never recorded positive operating income in its history.
Monthly Active Users
Quartherly average in million
Monthly Active Users 16 Q3 16 Q2 16 Q1
USA 67 66 65
International 250 247 245
Total 317 313 310
Quartherly average in million.
Users by Segment
MAUs 2016 Q3 Users %
United States 67 M 21%
International 250 M 79%
Total 317 M
MAUs are defined as users who logged in or were otherwise authenticated and accessed Twitter in the 30-day period ending on the date of measurement.
Consolidated Statement of Operations
2016 Q3 Change % 2015 Q3
Revenue $ 615,934 8% $ 569,237
Costs and expenses:
Cost of revenue 225,159 12% 200,195
Research and development 177,049 -15% 207,937
Sales and marketing 224,436 7% 208,797
General and administrative 67,379 17% 57,545
Total costs and expenses 694,023 3% 674,474
Loss from operations -78,089 -26% -105,237
Interest expense -24,860 -2% -25,239
Other income (expense), net 6,640 241% 1,948
Loss before income taxes -96,309 -25% -128,528
Provision (benefit) for income taxes 6,562 108% 3,162
Net loss -102,871 -22% -131,690
Net loss per share:
Basic and diluted -0.15 -25% -0.2
Weighted-average shares:
Basic and diluted 704,359 5% 670,604
Values in thousands, except per share data.
Consolidate Balance Sheet
Sep 30, 2016 Change % Dec 31, 2015
Assets
Current assets:
Cash and cash equivalents $ 1,011,957 11% $ 911,471
Short-term investments 2,652,226 3% 2,583,877
Accounts receivable, net 590,108 -8% 638,694
Prepaid expenses and other current assets 224,122 -10% 247,750
Total current assets 4,478,413 2% 4,381,792
Property and equipment, net 803,305 9% 735,299
Intangible assets 111,983 -21% 141,015
Goodwill 1,184,401 5% 1,122,728
Other assets 164,844 168% 61,605
Total assets 6,742,946 5% 6,442,439
Values in thousands.

Twitter is a global platform for public self-expression and conversation in real time.

Sector Communications
Industry Media
Sub-Industry Internet Media
Market NASDAQ:TWTR
Founded March 21, 2006
Employees 3,898
Website https://www.twitter.com

Tesla 2016 Q3 Summary Data

Results of Operations 2016 Q3
2.29
Revenue
billions USD
636
G. Profit
millions USD
21.8
N. Income
millions USD
25,185
Vehicles production
15,800
Model S delivered
8,700
Model X delivered
Tesla Motors, Inc. TSLA
Period from July 01 to September 30, 2016 (values in USD). Source NASDAQ.
Summary
Revenue was $2.30 billion, up 145% from Q3 2015, while total Q3 gross margin was 27.7%, compared to 21.6% in Q2. Production rose to 25,185 vehicles in Q3. This was an increase of 37% from Q2 production of 18,345.
Deliveries

In Q3, combined net orders for new Model S and Model X vehicles grew 68%, compared with the same period last year. During the quarter, Tesla opened 17 new stores and service centers to increase customer support network to 250 locations globally.

Q3 20161 Q2 2016 Q1 2016
Model S 15,800 9,745 12,420
Model X 8,700 4,625 2,400
Total 24,500 14,370 14,820
Deliveries by quarter
Production by quarter
1 In addition to Q3 deliveries, about 5,500 vehicles were in transit to customers at the end of the quarter. These will not be counted as deliveries until Q4.
Deliveries mix period Q3 2016.
Models Deliveries %
Model S 15,800 64%
Model X 8,700 36%
Total 24,500
Consolidated Statement of Operations
2016 Q3 Change % 2016 Q2
Revenues
Automotive $ 1,917,442 86% $ 1,030,224
Automotive leasing 231,285 53% 151,628
Total automotive revenue 2,148,727 82% 1,181,852
Services and other 149,709 70% 88,165
Total revenues 2,298,436 81% 1,270,017
Cost of revenues
Automotive 1,355,102 64% 827,230
Automotive leasing 161,959 97% 82,052
Total automotive cost of revenues 1,517,061 67% 909,282
Services and other 144,640 68% 85,959
Total cost of revenues (1) 1,661,701 67% 995,241
Gross profit 636,735 132% 274,776
Operating expenses
Research and development (1) 214,302 12% 191,664
Selling, general and administrative (1) 336,811 5% 321,152
Total operating expenses 551,113 7% 512,816
Income (loss) from operations 85,622 136% -238,040
Interest income 2,858 27% 2,242
Interest expense (2) -46,713 1% -46,368
Other expense, net -11,756 59% -7,373
Income (loss) before income taxes 30,011 110% -289,539
Provision for income taxes 8,133 123% 3,649
Net income (loss) 21,878 107% -293,188
Net income (loss) per common share:
Basic 0.15 107% -2.09
Diluted 0.14 107% -2.09
Shares used in per share calculation:
Basic 148,991 6% 139,983
Diluted 156,935 12% 139,983
Values in thousands, except per share data.
1 Includes stock-based compensation expense.
2 Interest expense includes non-cash interest expense related to convertible notes and other borrowing. For the three months ended September 30, 2016, June 30, 2016, and September 30, 2015, non-cash interest expense related to convertible notes and other borrowing were $33.1 million, $31.8 million, and $21.8 million, respectively. For the nine months ended September 30, 2016 and 2015, non-cash interest expense related to convertible notes and other borrowings were $93.9 million and $59.5 million.
Consolidated Balance Sheets
Sept 30, 2016 Change % Dec 31, 2015
Assets
Cash and cash equivalents 3,084,257 158% 1,196,908
Restricted cash and marketable securities 23,711 5% 22,628
Accounts receivable 326,895 93% 168,965
Inventory 1,604,571 26% 1,277,838
Prepaid expenses and other current assets 132,978 15% 115,667
Operating lease vehicles, net (1) 2,949,297 65% 1,791,403
Property and equipment, net 4,309,048 27% 3,403,334
Restricted cash – noncurrent 90,994 189% 31,522
Other assets 70,646 18% 59,674
Total assets $ 12,592,397 56% $ 8,067,939
1 Includes increase in operating lease vehicles related to deliveries and subject to lease accounting, net of depreciation recognized in automotive cost of sales.

Tesla designs, develops, manufactures and sells high-performance fully electric vehicles and energy storage products. The company currently produces and sell two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle. Model 3 production and deliveries are planned in late 2017.

Sector Consumer Discretionary
Industry Automotive
Market NASDAQ:TSLA
Founded 2003
Employees 13,058
Website https://www.tesla.com

Apple 2016 Q4 Summary Data

Results of Operations 2016 Q4
46.8
Net Sales
billions USD
17.8
G. Profit
billions USD
9.01
N. Income
billions USD
45.5 M
iPhone sold
9.26 M
iPad sold
4.88 M
Mac sold

Three months ended September 24, 2016.
Apple Inc. AAPL
Period from June 24 to September 24, 2016 (values in USD). Source Nasdaq.
Overview
The Company posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion, or $1.67 per diluted share. Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
Net Sales by Operating Segment
The following table shows net sales by operating segment during three months ended September 24, 2016.

Segment 2016 Q4 Change % 2016 Q3
Americas $ 20,229 13% $ 17,963
Europe 10,842 12% 9,643
Greater China 8,785 -1% 8,848
Japan 4,324 23% 3,529
Rest of Asia Pacific 2,672 13% 2,375
Total net sales $ 46,852 11% $ 42,358
Values in millions USD.
Net Sales by Products
The following table shows net sales by product during three months ended September 24, 2016.

Product 2016 Q4 Change % 2016 Q3
iPhone (1) $ 28,160 17% $ 24,048
iPad (1) 4,255 -13% 4,876
Mac (1) 5,739 10% 5,239
Services (2) 6,325 6% 5,976
Other Products (1)(3) 2,373 7% 2,219
Total net sales $ 46,852 11% $ 42,358

(1) Includes deferrals and amortization of related software upgrade rights and non-software services.
(2) Includes revenue from Internet Services, AppleCare, Apple Pay, licensing and other services.
(3) Includes sales of Apple TV, Apple Watch, Beats products, iPod and Apple-branded and third-party accessories.
Net Sales Historical Data
iPhone Revenue
iPad Revenue
Mac Revenue
Values in millions USD.

Unit Sales by Product
Product 2016 Q4 Change % 2016 Q3
iPhone 45,513 13% 40,399
iPad 9,267 -7% 9,950
Mac 4,886 15% 4,252
iPhone
iPad
Mac
Units in thousands.

Consolidated Statement of Operations
2016 Q4 Change 2016 Q3
Net sales $ 46,852 -9% $ 51,501
Cost of sales (1) 29,039 -6% 30,953
Gross margin 17,813 -13% 20,548
Operating expenses:
Research and development (1) 2,570 16% 2,220
Selling, general and administrative (1) 3,482 -6% 3,705
Total operating expenses 6,052 2% 5,925
Operating income 11,761 -20% 14,623
Other income/(expense), net 427 -3% 439
Income before provision for income taxes 12,188 -19% 15,062
Provision for income taxes 3,174 -19% 3,938
Net income 9,014 -19% 11,124
Earnings per share:
Basic 1.68 -15% 1.97
Diluted 1.67 -15% 1.96
Shares used in computing earnings per share:
Basic 5,366,912 -5% 5,646,916
Diluted 5,393,333 -5% 5,682,519
Cash dividends declared per share 0.57 10% 0.52
Values millions, except number of shares which are reflected in thousands and per share amounts.

1 Includes share-based compensation expense as follows:

Cost of sales $ 186 $ 145
Research and development 476 390
Selling, general and administrative 368 380

Apple designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications.

Sector Technology
Industry Hardware
Market NASDAQ:AAPL
Founded April 1, 1976
Initial Public Offer December 12, 1980
Employees 110,000
Website https://www.apple.com