February 1, 2017:Â Riding on the success of iPhone 7 and Apple Watch, the Cupertino-based company on Wednesday announced an all-time record revenue of $78.4 billion â€” with a record quarterly earnings per diluted share of $3.36 â€” for the first quarter of 2017 that ended on December 31.
The results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter.
International sales accounted for 64 per cent of the quarterâ€™s revenue, the company said in a statement.
â€œWe sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,â€ said Tim Cook, Appleâ€™s CEO.
â€œRevenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline,â€ he said.
But iPhone7 changed Appleâ€™s fortune in 2017 first quarter. The company sold 78.3 million iPhones, up from 74.8 million a year before.
â€œIt reported revenue of $54.3 billion from iPhone sales, along with $7.2 billion from the Mac, $5.5 billion from the iPad and $4 billion from other products, including the Apple Watch,â€ BBC reported.