Apple on Tuesday posted quarterly revenue of $45 billion, which is up from the $42.4 billion reported in the year-ago quarter.
“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”
Apple sold 41 million iPhones in the quarter, up from 40.3 million sold in the year-ago quarter. The company also sold more iPads this year with sales coming in at 11.4 million units, up from 9.9 million last year. Mac sales are also up slightly in 2017 coming in at 4.2 million units. Services, which Apple touts a lot these days rose to $7.2 billion in 2017 from $5.9 billion last year.
Overall, this looks like a great quarter for Apple. Every product line item is up for the company this quarter over the same period last year. New Macs and iPads certainly helped with increased sales, and a new iPhone later this year should add more to the bottom line.
Terrible news. Just terrible. Very concerned.
Apple is doomed. Even iPad sales are up, the company is really up against it. I mean, nothing was down and they made too much money.
$45.4B quarterly revenue. That puts the $6B or so for Apple Park in the proper perspective, and a prudent investment against ever more expansion. Just because other companies failed with their substantial capital investments doesn’t mean that Apple is similarly fated. Come to think of it, there’s never been such a company with such uniquely viable products and raison d’être.
iPad sales popped. Sweet as.
Right. There’s no way this can continue. Sell, sell, sell.
Apple must really be terrified now of the innovation coming any day now from Andy Rubin’s startup.
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Just unreal, those numbers.
AAPL got a nice bump in after-hours trading. Some attentive investors sold their shares a week ago and are now enjoying an AAPL buyback at a discounted price.