Faizel Patel, Radio Islam News – 03-02-2018

Technology company Apple has sold 77.3 million iPhones in the first quarter 2018, a slight drop compared to 78.3 million a year ago.

iPad sales were up slightly to 13.2 million, up from 13.1 million and Mac sales slipped to 5.1 million from 5.4 million.

It was also the best quarter ever for Apple Watch. When adding results from Beats and AirPods, total revenue from wearable’s increased by  almost 70% year-over-year, the second largest contributor to revenue after iPhone. 

The figures were announced by Apple in financial results for its fiscal 2018 first quarter ended December 30, 2017.

The Company posted quarterly revenue of $88.3 billion, an increase of 13 percent from the year-ago quarter and an all-time record. International sales accounted for 65 percent of the quarter’s revenue.

CEO Tim Cook says the biggest quarter in Apple’s history, with broad-based growth includes the highest revenue ever from a new iPhone line-up.

“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.”

Apple’s guidance for the second quarter of fiscal 2018 includes expected revenue of $60-62 billion and gross margin between 38 and 38.5 percent.