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Faizel Patel, Radio Islam News – 03-02-2018<\/em><\/strong><\/p>\n \n 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.<\/p>\n 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.<\/p>\n It was also the best quarter ever for Apple Watch. When adding results from Beats and AirPods, total revenue from wearable’s\u00a0increased by\u00a0\u00a0almost 70% year-over-year, the second largest contributor to revenue after iPhone.\u00a0<\/p>\n The figures were announced by Apple in financial results for its fiscal 2018 first quarter ended December 30, 2017.<\/p>\n 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\u2019s revenue.<\/p>\n CEO Tim Cook says the biggest quarter in Apple\u2019s history, with broad-based growth includes the highest revenue ever from a new iPhone line-up.<\/p>\n \u201ciPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November. We\u2019ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That\u2019s 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.\u201d<\/p>\n 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.<\/p>\n \u00a0<\/p>\n