Apple’s blockbuster Q1 2017 brought $78.4 billion in revenue, sold 78.3 million iPhones
Apple has announced results for its first quarter of fiscal year 2017, which ended December 31, 2016, on Tuesday; and this time, Apple had a blockbuster holiday sales during the three-month period.
Apple surprised Wall Street and many other analysts, with its record breaking Q1 2017. The company sold 78.3 million iPhones, 13.1 million iPads, and 5.37 million Macs over the holidays, resulting $78.4 billion in quarterly revenue, and 17.9 billion in profit. International sales accounted for 64-percent of the quarter’s revenue.
“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.”
“Our outstanding business performance resulted in a new all-time record for earnings per share, and over $27 billion in operating cash flow,” said Luca Maestri, Apple’s CFO. “We returned nearly $15 billion to investors through share repurchases and dividends during the quarter, bringing cumulative payments through our capital return program to over $200 billion.”