Apple reports record $88.3 billion revenue in Q1 2018,
Apple reported its first quarter 2018 financial results today, posting quarterly revenue of $88.3 billion on sales of 77.3 million iPhones, 13.17 million iPads, 5.1 million Macs, and $8.471 million in services. As expected, the revenue once again represents a record for Apple, though sales of each of Apple’s key products was either flat or slightly down from last year’s holiday quarter.
“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.”
Apple’s board of directors declared a cash divided of $0.63 per share of common stock, payable February 15 to shareholders of record as of the close of business February 12.
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