Fourth quarter 2017 net income was $8.3 million on consolidated revenue of $1.23 billion versus net income of $47.2 million on consolidated revenue of $1.11 billion in the fourth quarter of 2016. Fourth quarter 2017 revenue was up on higher shipments. Net income and EPS were adversely impacted by a $53.1 million income tax charge related to the enactment of the 2017 Tax Cuts and Jobs Act and a $29.4 million pre tax charge for a voluntary product recall.Full year 2017 diluted EPS decreased to $3.02 from $3.83in 2016.
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Really don know if I get one, said Kathy Cheng, a woman within sight of the Apple Store, and who had waited since midnight. Hope I not disappointed. Waited since Thursday night in the hope of getting the iPhone, which went on sale by pre order last week and which hit stores like the one in Menlo Park this morning..
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