Even if iPhone X sales are slumping, Apple still reported a record-breaking $88.3 billion in revenue for the quarter ending on December 31st, 2017. This represents a 13 percent increase over last year’s $78.4 billion.
The company managed to sell 77.3 million iPhones in the three-month holiday quarter, about a million less than last year, but revenue grew by more than $7 billion to $61.6 billion. Per company CEO Tim Cook, the iPhone X “surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.”
Apple also sold 5.1 million Macs and 13.2 million iPads during the period, versus 5.5 million and 13.1 million over the previous period.
Apple also cited the Apple Watch and AirPods as big sellers, although the company didn’t release sales numbers for these products and placed their revenue in the “Other Products” category, surged more than 35 percent to $5.5 billion. Cook said sales of Apple Watch were up 50 percent for the fourth consecutive quarter, and Series 3 sales were more than twice that of Series 2 a year ago.
For the second quarter, Apple projects revenue between $60 billion and $62 billion, the first quarter the includes sales of HomePod, Apple’s first smart speaker. That would represent an increase of roughly 15 percent over last quarter’s $52.9 billion.
Stay tuned for additional details as they become available.
Via Macworld