Apple announced its Q1, 2017 results on January 31, 2017, and the company has beaten Wall Street expectation with its numbers as iPhone sales rebounded. Apple is once again the world’s leading smartphone maker, a first in five years, and it easily beat Samsung’s shipments for the holiday quarter. Apple posted a quarterly revenue of $78.4 billion, and a profit of almost $18 billion.
In terms of a number of units sold, Apple shipped over 78.2 million units of its iPhones, much more than the 45.5 million shipped in the previous quarter (Q4, 2016). Apple had shipped around 74.7 million iPhones in Q1, 2016, so the latest results mark a yearly jump as well. Apple’s iPad shipments stood at around 13 million, which marks a quarterly rise, but on a yearly basis, the product’s sales continue to fall. Apple had shipped around 16.1 million iPads in the Q1 last year.
Apple Mac saw 5.3 million units being shipped, which was a one per cent rise on a yearly basis, though revenue from the Mac increased by seven per cent. However, Tim Cook admitted the new MacBook Pro supply had been constrained all through the December quarter.