Apple Just Blew All their Previous records out of the Water thanks to the iPhone 7 | Mobile phone latest news Google+ Follow Smartfonefreaks on Twitter

Apple's iPhone 7 sold very well. It sold very, very well. It sold very, very, very well, you get what i mean.

In fact it's sold so well that they've broken multiple records already. According to Apple CEO Tim Cook,“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,” 

In a letter to investors, the company said, “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,”.


A breakdown of the numbers show that the company took in $78.4 billion in revenue and sold 78 million iPhones.

This is welcome news as Apple had been in a bit of a losing streak in terms of profits and revenue but it seems like the iPhone 7 has changed all that bringing Apple back into contention in terms of revenue generated.

Apple reported a profit of $17.8 billion and said its earnings per share were boosted by the high demand for the larger models of its iPhones, which have higher margins. On the earnings call, Chief financial officer Luca Maestri said that customer satisfaction with iPads, and the new iPad pro, was very high. He predicted strong growth in that category.

With this, it will be interesting to see what happens when the iPhone 8, slated for release later this year, is launched. Good times ahead for Apple fans.

Post a Comment

Tell us what's on your mind here.

Powered by Blogger.