Apple Records All-Time Quarterly High At $88.3 Billion

Many are wondering with reports of the iPhone 8, 8 Plus, and X sales apparently doing poorly, how will Apple’s financials look like? Turns out that investors might not need to worry because according to the company’s latest financial results, they have managed to record an all-time quarterly high of $88.3 billion in revenue.

This figure managed to beat Apple’s own forecast of $84-87 billion, and it also represented an increase of about 13% from the same quarter from a year ago. Breaking this down further, Apple also managed to see $20.1 billion in profit from the sale of 77.3 million iPhones, 13.2 million iPads, and 5.1 million Mac computers.

However it seems that while revenue and profits are up, the number of iPhones actually decreased compared to the previous year, where Apple managed to sell 78.3 million iPhones, although admittedly the drop in sales isn’t by a huge margin. However in terms of iPad sales, it looks like the new cheaper iPad and new iPad Pros might have renewed interest in the company’s tablets as it saw an increase from the previous year’s 10.3 million iPads.

Apple unfortunately did not provide any specifics in terms of how many units each iPhone might have sold. However according to Tim Cook, Apple’s CEO, “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. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.”

Tyler Lee
Categories: Apple, Cellphones, Computers, Tablets
Tags: iPad, iPhone, Macbook