Apple Reported Its FY18 Q1 Earnings: $88.3B In Revenue, Sold 77.3 M iPhones, 13.2M iPads, And 5.1M Macs

Apple has reported its FY18 Q1 earnings, during this period, the company sold 77.3 million iPhones, 13.2 million iPads, and 5.1M Macs, made...

Apple has reported its FY18 Q1 earnings, during this period, the company sold 77.3 million iPhones, 13.2 million iPads, and 5.1M Macs, made $88.3 billion in revenue and $22.1 billion profit. The revenue and earnings per share numbers were the best records for any quarter in the company's history.

For the quarter, Apple sold 77.3 million iPhones, down from 78.3 million in the year-ago quarter. iPad sales were up to 13.2 million from 13.1 million in the first quarter of 2017, but Mac sales declined to 5.1 million from 5.4 million. As for Gross margin, and was 38.4 percent, compared to 38.5 percent in the year-ago quarter.

“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,” said Tim Cook, Apple’s CEO. “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 has also highlights that its active install base, which was reached 1.3 billion devices in January, the company's guidance for the second quarter of fiscal 2018 year is expected to have revenue of $60-62 billion and gross margin between 38 and 38.5 percent.

Via MacRumors, Image Credit The Financial Express