Apple Reports Record Results for Q1 2018

February 2, 2018
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Today, Apple finally announced financial results regarding the first fiscal quarter of 2018, which correlates with the fourth calendar quarter of 2017.

Apple posted a revenue of $88.3 billion for Q1 as well as net quarter profit of $20.1 billion, or $3.89 per diluted share, which contrasted with income of $78.4 billion and net quarterly benefit of $17.9 billion, or $3.36 per diluted share, in the year-ago quarter. The income and profit per share numbers were organization records for any quarter in the organization’s history.

Revenue for the quarter was 38.4 percent, in contrast to 38.5 percent in the year-ago quarter, with international sales accounting for 65 percent of income. Apple also announced a forthcoming dividend payment of $0.63 per share,payable February 15 to shareholders of record as of February 12.

For this quarter, Apple sold 77.3 million iPhones, in contrast to 78.3 million in the previous quarter. iPad sales were slightly up to $13.2 million, from $13.1 million a year-ago, and Mac sales decreased to 5.1 million from 5.4 million.

“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.”

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