Apple Earnings Call: iPhone, Services, Mac, Apple Watch all Set Records During Q1
In a call with the press on Tuesday, Apple shared the financial results of its Q1 2017 earnings report, which ended December 31, 2016. The news was practically all positive for the Cupertino-based tech giant. The company posted an all-time record quarterly revenue of $78.4 billion, up nearly $3 billion from a year ago.
The record-setting quarter was driven, in large part, by the success of Apple’s iPhone 7 and extremely high performance of the company’s Services and Apple Watch divisions.
According to data provided by Apple [PDF], iPhone sales totaled nearly 78.3 million units and $54.38 billion, both 5 percent increases over a year ago. The Services department, which includes products like Apple Pay, iTunes, the App Store, and more, brought in more than $7 billion in business, which was an 18 percent increase over last year.