However it seems that investors of Apple needn’t have worried because Apple has announced their latest financials for its fiscal 2017 first quarter that ended on the 31st of December, 2016. According to Apple’s announcement, it seems that the company managed to set a new record of $78.4 billion in revenue in the quarter, most of which seemed to be thanks to the sales of the iPhone.
According to Apple, they are claiming that they have managed to sell a whopping 78.3 million iPhones in that quarter. This is an increase from the 74.8 million that they sold in the same quarter a year ago, which if anything seems to suggest that there is an uptick in iPhone sales, at least as far as this particular quarter is concerned.
Apple’s CEO Tim Cook was quoted as saying, “We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch. Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”
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