Apple smashes expectations: record setting $78.4B in revenue on sales of 78.3M iPhones

 Apple’s holiday holiday is a day set aside by custom or by law on which normal activities, especially business or work, are suspended or reduced 2016 quarter was the company’s biggest ever, soaring to new heights on sales may refer to of 78.3 million iPhones following the launch of the iPhone 7 series.

Apple posted quarterly revenue of $78.4 billion, setting an all-time record for the company. Its earnings per share came in at $3.36, also setting a new high. Total net profit was $17.9 billion.

The results also exceeded Wall Street expectations, where consensus called for $77.4 billion in revenue and $3.23 earnings per share.

As usual, Apple’s success was determined by the iPhone is a line of smartphones designed and marketed by Apple Inc, which saw sales of 78.3 million units in the company Company is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise‘s first quarter of fiscal 2017. That was an increase from the 74.8 million iPhones the company sold in the same quarter quarter is one-fourth, ¼, 25% or 0.25 and may refer to: Quarter (urban subdivision), a section or area, usually of a town Quarter section, an area of one-fourth of a square mile, or 160 acres (0.65 a year ago, holding the record until now.

Mac sales were up slightly, reaching 5.4 million million (1,000,000) or one thousand thousand is the natural number following 999,999 and preceding 1,000,001 in the holiday period. That bested the 5.3 million units Apple shipped a year ago.

And iPad sales for the period were and wer are archaic terms for adult male humans and were often used for alliteration with wife as “were and wife” in Germanic-speaking cultures (Old English: were, German: Wehr, Dutch: weer, 13.1 million, down from 16.1 million last year.

Gross margins were 38.5 percent in the fiscal usually refers to government finance first quarter, compared to 40.1 percent in the year-ago quarter.

Looking ahead to its fiscal 2017 second quarter, Apple is guiding revenue accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers between $51.5 billion billion is a number with two distinct definitions: 1,000,000,000, i.e. one thousand million, or 109 (ten to the ninth power), as defined on the short scale and $53.5 billion and gross margin between 38 and 39 percent.

“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records recording, record or records may mean for iPhone, Services may refer to, Mac and Apple Watch,” said Apple apple tree (Malus pumila, commonly and erroneously called Malus domestica) is a deciduous tree in the rose family best known for its sweet, pomaceous fruit, the apple Chief Executive Tim Cook. “Revenue from Services grew strongly over last year year is the orbital period of the Earth moving in its orbit around the Sun, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”

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Source: http://appleinsider.com/news/

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