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Apple's iPhone 8 and 8 Plus launch push revenues to $52.6 billion

Apple's iPhone 8 and 8 Plus launch push revenues to $52.6 billion

Apple has released its financials for its Q4 FY17 for the three months ending September 30th 2017.

It posted revenues of $52.6 billion for the quarter, up 12% year-on-year. Profits also grew by 18.9% year-on-year to $10.7 billion for Q4.

Overall for the year, Apple generated revenues of $229.2 billion, up 6.3% year-on-year. Yearly profits grew 5.8% to $48.4 billion.

The increase in revenues is likely down to the launch of the new wave of iPhones, the iPhone 8 and 8 Plus. Apple sold 46.7 million units of its iPhone family, up from 41 million quarter-on-quarter.

Strong finish

"We're happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services," said Apple CEO Tim Cook.

"With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we're looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn't be more excited as we begin to deliver our vision for the future with this stunning device."

Apple launched its new iPhone X range today, November 3rd 2017. It is already set to be another hit for the company, with pre-orders selling out in minutes when they went live last week.


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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