Apple last week held its first fiscal quarter call of 2018 (calendar Q4 2017), revealing earning and revenue numbers that includes products and services, regarding to iPhone X The company CEO Tim Cook said the device has “surpassed our expectations ”and has been the “top-selling iPhone” every week since the phone shipped in November.
Coming to the iPhone lineup revenues Apple states that iPhone 8, iPhone 8 Plus and iPhone X brought in the highest in the company’s history.
The company sold 77.3 iPhones in total, it doesn't break down iPhone sales by models. The average selling price for iPhone increased thanks to iPhone X from $695 in the year-ago quarter to $796.
Tim Cook described the customer satisfaction about iPhone X “off the charts” and the new Apple’s biometric Face ID was “incredibly well received”
During the conference, Tim Cook was asked if the iPhone X lineup will extend to include two iPhone X style in the future the CEO declined to respond.
Tim didn’t miss the opportunity to mention to how Apple is “thrilled" with the reception to the iPhone X and with its launch the development of the next decade has been setting up, Time in this regard said "That's how we look at it, and that's the reason it's chock full of incredible innovations. So you can bet that we're pulling that string.”
In responding to a question about slower growth in the coming quarter Apple CFO Luca Maestri said that Apple believes iPhone revenues will grow doubling digit compared to last year’s March quarter, iPhone sell-through growth will be accelerating compared to the December quarter as he said.
At the same occasion, Apple announced that its active installed base of devices has reached 1.3 billion (includes Apple TV and Watch)a milestone that has been hit in January.
Total quarter revenue Apple posted $88.3 billion with a net profit of $20.2 billion compared to revenue of $78.4 billion and a net profit of $17.9 billion in the year-ago quarter.
The revenue expectations of the second quarter of fiscal 2018 according to Apple guidance will be $60-$62 billion and gross margins between 30 and 30.5 percent.
Data source: via MacRumors
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