This is an increase from $52.9 billion and $11.03 billion, respectively, in the same quarter a year ago. Apple’s performance was mostly driven by the iPhone, whose sales also beat forecasts and reached 52.2 million units, up from 50.7 million units in 2017.
Apple also sold more iPads as compared to the year before, 9.1 million units versus 8.92 million units, but fewer Macs (4.07 million units versus 4.19 million units).
These results indicate a decline versus the previous quarter when Apple reported $88.3 billion in revenue, $20.1 billion in profit, 77.3 million iPhones, 13.2 million iPads, and 5.1 million Macs sold. Sales in the first quarter benefitted from growing demand during the holiday season, as well as the increasing inventory of iPhone X.
iPhone X selling well despite gloomy forecasts</st… (read more)
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