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Apple posts record-breaking revenues of $78.4 billion thanks to impressive iPhone sales

Apple posts record-breaking revenues of $78.4 billion thanks to impressive iPhone sales

Apple (NASDAQ:APPL) has released its financials for its Q1 FY17 for the three months ending December 31st 2016.

The company posted revenues of $78.4 billion, up 3.3% year-on-year. It also sets a new quarterly sales record for the company.

Breaking this down further, Apple stated that 64% of its revenue came from international sales. Revenues grew in every market year-on-year apart from China, where they dropped 11.6% to $16.2 billion.

In terms of products, iPhone revenues increased to $54.4 billion off the back of 78.3 million units sold. Apple's "Services" segment also saw increased revenues, accounting for $7.2 billion of its sales.

Bigger screen, smaller sales

However, iPad sales tumbled year-on-year. Apple sold three million less units and generated $5.5 billion in revenues, down 21.9% year-on-year.

Its "Other Products" segment, which includes Apple TV and Apple Watch, also took a hit. Sales for the segment were $4.02 billion, down 7.5% year-on-year.

"We're thrilled to report that our holiday quarter results generated Apple's highest quarterly revenue ever, and broke multiple records along the way," said Tim Cook, Apple’s CEO.

"We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch."

It's a strong start to 2017 for Apple, which saw its first loss-making year in fifteen years in its FY16. Its Q1 figures also beat its own predictions from October 2016 of $78 billion in revenues for the quarter.


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A footy game fanatic and experienced editor of numerous computing and game titles, lively Chris is up for anything - including running Steel Media! (Madman!)

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