Apple has reported all-time record quarterly revenue of $88.3 billion, up 13% over last year with a all-time record net profit of $20.1 billion in their earnings for the financial year Q4 2018 that ended December 30, 2017. Apple reported quarterly earnings per diluted share of $3.89, up 16% from a year ago, also an all-time record. During earnings call Tim Cook said that the growth was broad-based and a key driver was iPhone, which generated its highest revenue ever. iPhone X has been Apple's top selling phone every week since it launched. iPhone 8 and iPhone 8 Plus rounded out the top three iPhones in the quarter. "In fact, revenue for our newly launched iPhone was the highest of any lineup in our history, driving total Apple revenue above our guidance range," said the CEO. Apple saw double digit revenue growth in all our geographic segments, an all-time quarterly record in the vast majority of markets, including the U.S., Western Europe, Japan, Canada Australia and Korea, as well as Mainland China, Latin America, The Middle East, Central and Eastern Europe, and India. Apple sold 77.3 million iPhones, the highest number ever for a 13-week quarter, compared to 78.3 million a year ago. ...
Friday, 2 February 2018
Apple reports record $20.1 billion profit on $88.3 billion revenue in FY Q1 2018, 77.3 million iPhones sold
Apple has reported all-time record quarterly revenue of $88.3 billion, up 13% over last year with a all-time record net profit of $20.1 billion in their earnings for the financial year Q4 2018 that ended December 30, 2017. Apple reported quarterly earnings per diluted share of $3.89, up 16% from a year ago, also an all-time record. During earnings call Tim Cook said that the growth was broad-based and a key driver was iPhone, which generated its highest revenue ever. iPhone X has been Apple's top selling phone every week since it launched. iPhone 8 and iPhone 8 Plus rounded out the top three iPhones in the quarter. "In fact, revenue for our newly launched iPhone was the highest of any lineup in our history, driving total Apple revenue above our guidance range," said the CEO. Apple saw double digit revenue growth in all our geographic segments, an all-time quarterly record in the vast majority of markets, including the U.S., Western Europe, Japan, Canada Australia and Korea, as well as Mainland China, Latin America, The Middle East, Central and Eastern Europe, and India. Apple sold 77.3 million iPhones, the highest number ever for a 13-week quarter, compared to 78.3 million a year ago. ...
