Business

Apple’s quarter sales stunning result with 13% increase

Apple's quarter sales stunning result with 13% increase

Apple announced financial results for first fiscal quarter of 2018. Company achieved tremendous result of 88.3 billion USD (13% quarterly YoY increase). 65% of sales coming from international business. 3.89 USD quarterly earnings per diluted share which is 16% increase.

“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple’s CEO. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

“Thanks to great operational and business performance, we achieved all-time record profitability during the quarter, with EPS up 16 percent,” said Luca Maestri, Apple’s CFO. “Cash flow from operations was very strong at $28.3 billion, and we returned $14.5 billion to investors through our capital return program.”

image: pexels
source: Apple

 

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