Home Uncategorized Apple posts record $88b Q1 haul but iPhone sales actually ticked down a bit

Apple posts record $88b Q1 haul but iPhone sales actually ticked down a bit

by tokencitynews_u33lt0



We recently reported that Apple was looking to dramatically cut iPhone X production due to “soft demand,” but apparently the demand has been hot enough since the launch of the halo phone to propel Apple to its biggest quarter in company history. Tim Cook and company reported revenues of over $88 billion for Q1, and he said the latest figures are a new quarterly record for the world’s biggest tech company.

Helping propel Cupertino’s fortunes? iPhones of course, and not just the iPhone X, but its $1,000 base price certainly helped, netting Apple just short of $800 per iPhone sold on average – that’s every iPhone – and they sold over 77 million of them. That’s a lot of iPhones, but it’s actually a bit less than last year, and Apple’s stock is actually down a few bucks today. Cook also said Apple Watch sales are up 50 percent over last year, but he didn’t say how many were sold. More details: http://bgr.com/2018/02/02/apple-q1-earnings-analyst-reactions-iphone-sales/

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3 comments

Michael Billings Cole February 2, 2018 - 10:33 pm

By golly, by Jorge. I wonder why they had the biggest quarter dollars in years when you sell a product that is extremely expensive $1000 plus. Of course, you're going to make a lot of money and you don't even have to sell a lot of product to do so. It's the only way apple knows how to actually make a profit by making their products extremely expensive 3.0 to 6.0 times on average its hardware value $370.25 in parts x 2.7 = $1000 iphone 10 … 247.51 x 3.25 = $800 iphone 8 …. $230 x 2.8= 770 iphone 7 … And this is just their recent iPhones, not tablets, not computers, not anything else. So yeah, when you charge an extreme amount of money, you can make an extreme amount of profit without having to sell a lot of product by golly, share. I wonder why they had their biggest quarter.in years … I'd love to see apple actually make a product that they could sell. At only 2 times its value and the product be cheap then have the product with the quality and the uniqueness to make a profit not the dollars they sell it for but we know apple that will never happen. Unlike almost any Android product out there there is an Android phone that sells for 4 dollars actually has quite good hardware in it. It still makes a profit have a fuck do they do it it's called a good product to begin with

GhaV jGRite (jeaHAvee) February 3, 2018 - 5:54 am

2:30

Subie

Kiel Li Mikal February 3, 2018 - 6:31 am

iPhone X still the hottest phone out…got one love it

Comments are closed.