Apple saw revenues from its flagship iPhone product rise to $54.4 billion, up from $51.6 billion a year earlier. That revenue growth came as Apple reported units sold rose 5 percent to 78.3 million in its fiscal first quarter of 2017.
That was a record for sales, and also beat analysts expectations by a couple of million. Wall Street forecast iPhone unit sales of 76.3 million in the holiday quarter. Apple’s Mac sales were just about okay, even after the recent release of 2016 MacBook Pro range, with the company reporting that 5.4 million units were shipped during this fiscal quarter compared to 5.3 in the same quarter last year.
Apple CEO Tim Cook said that,
“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,” said Tim Cook, Apple’s CEO. “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”
Apple has also posted $7.2 billion from its Services departments, with another $4 billion flying into the financial coffers from “Other Products”, which includes hardware such as the Apple TV, Apple Watch, iPods, AirPods and more. The company said that Apple Watch sales were record-breaking thanks to Series 2 launch.
The iPad continued to lag, with units sold declining 19 percent to 13.1 million and revenue declining 22 percent to $5.5 billion.