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.
"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.