Apple’s Q1 Report: quarterly revenue of $88.3 billion, an increase of 13% from previous year

Today, Apple announced financial results for the first quarter of 2018, which leads to the fourth calendar quarter of 2017. With over 1.3 billion active installed base of devices registered in January 2018.

In the Q1 report, the company posted quarterly revenue of $88.3 billion, an increase of 13 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $3.89, up 16 percent, also an all-time record. International sales accounted for 65 percent of the quarter’s revenue.

What’s Next for Q2:

Apple estimates 2Q revenue from 60B-$62B, EST. $65.9B. iPhone ASP: $796 showing strong iPhone X sales. Other products $5.5B huge for Apple Watch/ Airpods.

Tim Said “We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple’s CEO. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

Apple is still on track to double services revenue by 2020, 240 million subscriptions adding 30 million in last quarter alone. 2000 AR kit apps on App Store. Apple Pay accepted at more than half of US stores, in 20 regions around the world. Apple Pay, Apple Music, and iCloud all growing. BEST QUARTER EVER for Apple Watch, 50% growth series 3 sales up more than 100% from series 2 last year!. 60% of global mac sales first time buyers. 90% of buyers are first timers in China. Mac is growing user base. $285B in cash, $163B excluding debt.


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