The revenue increased 12% year-over-year to $52.6 billion and the Cupertino giant racked in a whopping over $10 billion in net profits, an increase of nearly 20% from fall last year.
All this after a rather slow start for the new iPhones as the iPhone X hit the stores officially only today. The iPhone 8 and 8 Plus haven't been flying off the shelves quite like its predecessors but seems like that hasn't made much of a difference. Apple still increased the iPhone numbers over last year albeit a small bump.
Apple's Mac sales improved surprisingly well. A 25% increase in Mac revenue was only topped by 34% and 36% revenue growth in services and "Other Products" respectively. Other products includes the likes of Apple TV and Apple Watch.
Also iPhone's 2% YoY growth was bested by iPad's growth numbers, 14%, but you can expect better iPhone results in the first quarter of the next fiscal year with iPhone X first sales numbers.
Expectations for the holiday quarter are high as iPhone X joins the already impressive repertoire. According to the company the revenue should be somewhere between $84 billion and $87 billion. That would be first time in Apple's history over $80 billion.
Written by: Matti Robinson @ 3 Nov 2017 18:41
