Apple Provided Q1, 2018 Earnings and Shipments: Record Numbers

Tim Cook

Today, on February 2 Apple announced the earnings and shipments for the first quarter of 2018 and revealed some information about the revenue as of December 30, 2017. According to it, Apple’s revenue was $88.293 billion, which is a 13% increase in comparison to last year’s $78.35 billion. At the same time, the net income reached $20.065 billion. Thus it was increased by 12%.

Apple earnings

As for shipments, Apple sold 77.316 million iPhones in the first quarter, which is a 1% down in comparison to the same period of 2017, and it’s slightly below of the 79 million units estimated by Wall Street analysts. The Cupertino-based company also sold 13.17 million iPads (1% increase) and 5.112 million Macs (5% down).

However, the revenue varies from region to region. The most revenue is formed from the US ($33.193 billion) that simply means the company got 10% more from this market in comparison to 2017. The European market made $21.054 billion (14% up), the Chinese market brought $17.956 billion revenue (11% up), the Japanese market made $7.237 billion (26% up), and finally, the Asian market made $6.853 billion (17% up).

Apple earnings

This is the best quarter in the company’s history. Though the sales growth varies from region to region, they all provide a two-digit increase. Moreover, the iPhone X ignores all the rumors and is considered the best-selling iPhone surpassing all expectations.

For the next quarter, Apple also expects to get $60-62 billion revenue. This number is a bit lower than Yahoo’s prediction of $65.7 billion. But seems Apple will be satisfied even with such results.

Read Also:  iPhone 13 Pro Max battery can last for "over 3 days"

P.S. Today IDC published data concerning the global smartphones shipments in the Q4, 2017, and according to it, Apple is the first outrunning Samsung.

Previous IDC Report: Apple is the First, Xiaomi is the Fourth
Next Samsung Galaxy S9 Active is in the works, possible codename revealed