Apple revenue hits an all-time high in its fiscal first quarter
by from Techreport on (#2B0A7)
Apple released its fiscal 2017 first-quarter financial results today. Over the holiday season, the company raked in $78.3 billion, up 3% from this time last year, and it made $23.4 billion on that take, slightly less than the $24.2 billion it made this time last year. Apple claims that revenue figure is an all-time record, and it also reported an all-time earnings-per-share record of $3.36 for the quarter. Gross margin rang in at 38.5%, down slighly from the 40% figure from this time last year.
Those record numbers rode in on the back of 78.3 million iPhones sold, a 5% increase over this time last year. Apple made $54.4 billion off its phone business, also up 5% from this time last year. iPad sales continue to decline, however. ...