Apple today reported its fiscal Q1 2018 earnings, and it was a big quarter for the Cupertino company.
Fiscal Q1 2018 was the biggest quarter in Apple history, CEO Tim Cook has confirmed. Cook added that the iPhone X has been Apple's top-selling iPhone every week since its launch in November and that Apple's active installed base of devices reached 1.3 billion in January, which is a 30 percent growth in two years.
Looking at the hard numbers, Apple says that it sold 77.3 million iPhones in the quarter, down slightly from the 78.3 million it sold in fiscal Q1 2017. iPad sales grew slightly year-over-year from 13.1 million to 13.2 million, while Mac sales dropped from 5.4 million to 5.1 million YoY.
Apple's Services category grew from $7.1 billion in Q1 2017 to $8.5 billion in Q1 2018. Services includes Apple Care, Apple Pay, Digital Content and Services, licensing, and more.
Revenue from Apple's Other Products category grew as well, going from $4 billion in Q1 2017 to $5.5 billion in Q1 2018. The Other Products category includes Apple TV, Apple Watch, Beats products, iPod touch, and accessories.
Apple's total revenue for fiscal Q1 2018 finished at $88.3 billion, up 13 percent year over year and an all-time record. The company's net income for the quarter was $20.1 billion.
Apple will hold an earnings call at 2:00 pm PT/5:00 pm ET to discuss its fiscal Q1 2018 results. If Tim Cook and Co. share any interesting tidbits of info, I'll be sure to update this post.
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