This past vacation quarter was a very notable one for Apple: It free the iPhone X, most likely the foremost hyped and anticipated device the corporate has launched in a few years. And with some grumblings within the money and media world that the iPhone X is not marketing also for sure, Apple did so slip alittle bit. the corporate simply proclaimed that it sold seventy seven.3 million iPhones in its yr Q1, down a scant one.3 p.c compared to the seventy eight.3 million sold one year past.
It’s the 1st time iPhone sales have declined throughout a vacation quarter since the phone launched, as best we will tell. That speaks each to however saturated the iPhone market is obtaining, however comparatively progressive annual iPhone updates have gotten, the huge iPhone X revision aside. Despite that, Apple says the iPhone X has been the top-selling iPhone hebdomadally since it shipped in early November. it is also value noting that iPhone revenues exaggerated thirteen p.c year-over-year despite sales slippery — that speaks to the upper sales value of the iPhone X. If Apple will persevere transfer in additional cash, it’s going to possible not get too distressed concerning the little sales dip.
Mac sales conjointly born slightly, to 5.1 million units — smart for a 5 p.c year-over-year decline. iPad sales, however, continuing a revivification, increasing alittle hundredth over last year to thirteen.2 million units. however that is 3 consecutive quarters wherever iPad sales bested the previous year, therefore Apple must like that trend when years of decline. Services revenue, that has been Apple’s second-largest product class in terms of revenue for a couple of years currently, stayed flat quarter-over-quarter, coming back in at $8.5 billion. however that represents and eighteen p.c miss a year past.
Finally, the “other products” class (which encompasses the Apple Watch, AirPods, Beats hardware and alternative, lesser products) was Associate in Nursing simple bright spot: Revenue exaggerated seventy p.c year-over-year, hitting $5.5 billion. That speaks to the quiet success that the corporate has found with the Apple Watch. Indeed, Cook same that sales and revenue were each up fifty p.c for the Apple Watch year-over-year; he conjointly noted that it absolutely was the fourth quarter during a row wherever that was the case.
All told, total revenue came in at $88.3 billion, up thirteen p.c year-over-year. profit came in at $20 billion for the quarter and was up twelve p.c compared to a year past. therefore despite the slight append mackintosh and iPhone sales, Apple is perhaps pretty happy with its vacation quarter. We’ll be listening in to today’s telephone call with chief operating officer Tim Cook (starting at 5PM ET) and can update this post with the rest we have a tendency to learn.
When the decision started, Apple did note that this quarter had thirteen weeks, whereas the previous year had fourteen weeks. only if Apple’s iPhone sales calculate to almost half-dozen million per week over the quarter, it sounds like Apple would have simply maintained sales growth within the iPhone class.
Tim Cook conjointly mentioned that Apple currently has one.3 billion active devices; he same that was up three0 p.c within the last 2 years. additionally to any or all of its product classes having their highest level of active devices, Cook conjointly noted that it’s serving to the company’s services offerings still grow at a speedy rate.