On Tuesday January 31st, Apple Inc. reported its first ever improvement in its products sales after 3 quarters of decline. The company reported a revenue of $78.4 billion and earning per share of $3.36 for the first quarter of 2017.
The numbers easily surpass last year’s $3.28 per share and $75.9 billion revenue for the same period of time.
Last year at the same time, Apple reported a record quarter with the sales of the iPhone at an all time high. But soon after, company faced a huge decline in its sales.
In a conference call with investors, CEO of Apple, Tim Cook, said that “there was a strong demand for the iPhone 7 Plus in the market and that it made a much higher share of sale than expected. The average selling price of the iPhone grew to $695 from a very low $619 in September. The Mac also returned to growth and had the best sales ever.”
The revenue is generated from all Apple products, but a big part was played by the iPhones’ sales.
Considering Apple is soon going to launch its iPhone 8 – which promises something extraordinary in company’s 10th anniversary year – there’s a good chance this won’t be the last time the company breaks its sales records.