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03 November 2017, 12:33 | Antonio Miles
Is Apple to Become A 1 Trillion Company Soon?
The $28.85 billion revenue from iPhone sales accounted for almost 55 percent of total revenue, which rose 12.2 percent to $52.58 billion.
As with recent quarters, one of the main sources of Apple's growth is coming from its services, which are anchored by an app store that feeds the iPhone and other devices. This is mostly due to the upcoming sales of the iPhone X, HomePod, and others. During that quarter Apple sold 45.5 million iPhones, 9.27 million iPads, and 4.89 million Macs.
The iPhone X's lush screen, facial-recognition skills and $1,000 price tag are breaking new ground in Apple's marquee product line. It's the smallest revenue category for Apple, so it's easier to make big percentage gains in that fashion, but it does point to strength in the company's smaller products. That's up from 45.5 million at the same time a year ago after the iPhone 7 came out, but represents a step back from the same time in 2015, when Apple shipped 48 million iPhones during the quarter.
For investors in Apple, which is still among the most widely held stocks in the country, that may quell worries about iPhone 8 sales, and indicate that the higher price of the iPhone X will keep Apple rolling in cash even if demand for the standard iPhone drops.
Apple shares rallied 3% after hours.
Apple has just published its financial results for Q4 2017.
This strong performance led to total revenue of $52.6 billion, up 12 percent from one year ago; net income of $10.7 billion was likewise up 19 percent year-over-year.
In Singapore, there are "hundreds" waiting for the iPhone X outside Apple's freshly-opened store. Apple said it expects revenue of $84 billion to $87 billion for the first three months of 2018, which would be a record quarterly sales and indicate healthy consumer demand for its latest iPhone lineup.
IPhone sales were once again top of mind when Apple released the earnings report for its fiscal fourth quarter Thursday, and the company didn't disappoint investors: Apple sold 46.7 million iPhones during its most recent quarter, which is 1.2 million more than during the same time previous year. If only we'd get Apple Watch or Apple TV sales numbers. For one, Apple is likely the top beneficiary of US technology companies when it comes to a new Republican tax proposal on overseas cash. Maestri also told Reuters the company had doubled its revenue in India during the fiscal fourth quarter, though he did not give any details.
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But it appears Peterson revealed employee-only QR codes and a text file of codenames for unreleased Apple devices. The new face scan feature for unlocking the iPhone X may offer added convenience and security for iPhone users.