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Apple Announces $88.3 Billion Revenue for Q1

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Last night Apple announced its Q1 2018 results, posting revenue of $88.3 billion and profits of $20.1 billion, writes 9to5 Mac. This was even more than the record revenue of between $84 billion and $87 billion that Apple had forecast. The last quarter figures included iPhone 8 sales, whereas yesterday’s results are the first to include iPhone X sales.

As far as actual sales figures are concerned, Apple reported 77.3 million iPhones, 13.2 million iPads, and 5.1 million Macs sold. The figures in the year-ago quarter were $78.4 billion in revenue and $17.89 in profit, with 78.3 million iPhones, 13 million iPads, and 5.3 million Macs sold.

“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup,” said Apple CEO Tim Cook. “iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November. We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

Source: Apple announces Q1 2018 revenue of $88.3b: 77.3m iPhones, 13.2m iPads, 5.1m Macs
 
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