Apple services shine as hardware sales remain flat in its Q1 2018
by from Techreport on (#3P5Q8)
Apple announced its first-quarter 2018 financial results today. The company took in $61.1 billion in revenue, up 16% from a year ago, and it earned $15.9 billion in operating income on that revenue, up 13% from a year ago. Net income totaled $13.8 billion, up 25% from a year ago. Gross margin was 38.3%, down 0.6 percentage points from this time a year ago.
iPhone sales continue to make up the bulk of Apple hardware earnings. The company moved 52.2 million handsets last quarter, up 3% from this time a year ago. CEO Tim ...