iPhone, iPad sales surprisingly flat, but Apple still soars to record revenue in first quarter<article>
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<p>If iPhone X is
slumping, it’s sure not affecting Apple’s bottom line. In the quarter ending December 31, 2017, Apple <a href="
https://www.apple.com/newsroom/2018/02/apple-reports-first-quarter-results/" rel="nofollow">reported[/url] a record revenue of $88.3 billion, a 13 percent increase over last year’s $78.4 billion (which was also a record). Additionally, Apple posted an all-time record quarterly earnings per diluted share of $3.89. And that's with one less week of sales over last year's first quarter.</p><p>Leading the way was the iPhone, but not due to unit sales. Apple moved 77.3 million iPhones in the three-month holiday quarter, about a million less than last year, but revenue grew by more than $7 billion to $61.6 billion. While Apple didn’t break out the different models of iPhone, it’s clear that the higher price of iPhone X contributed to the gains. Tim Cook said the newly redesigned handset “surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.”</p><p class="jumpTag"><a href="/article/3251856/techology-business/iphone-ipad-sales-surprisingly-flat-but-apple-still-soars-to-record-revenue-in-first-quarter.html#jump">To read this article in full, please click here[/url]</p></section></article>
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iPhone, iPad sales surprisingly flat, but Apple still soars to record revenue in first quarter
