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Apple reports highest quarterly revenue in history at $78.4bn

on Feb 1, 2017 | 0 comments

By Lisa Lacy

Apple announced financial results for its fiscal 2017 first quarter ended December 31, 2016, posting what CFO Luca Maestri called the highest quarterly revenue in Apple’s history with $78.4bn – as well as all-time record quarterly earnings per diluted share of $3.36.

These results compare to revenue of $75.9bn and earnings per diluted share of $3.28 in the year-ago quarter.

On the earnings call, CEO Tim Cook said Apple also saw all-time unit records for the iPhone and Apple Watch, as well as revenue records for Mac and its Services business.

Per Maestri, Apple sold 78.3 million iPhone units, which was Read full story ›

Source: The Drum