Apple reports $45.4 billion in revenue, up 7 percent from last year

Apple today reported its earnings for the company's third fiscal quarter of 2017, showing $45.408 billion in revenue, a 7% increase from last year's $42.358 billion in the same quarter.

Unsurprisingly, the majority of that (54.7%, to be specific) comes from iPhone sales, which came in at 41.026 million units for revenue of $24.846 billion. That's 2% more units than last year's 40.399 million, and a 3% increase in iPhone revenue from $24.048 billion.

iPad saw a 15% increase in units sold, jumping from 9.950 million to 11.424 million; however, Apple's tablet lineup only received a 2% boost in revenue, from $4.876 billion to $4.969 billion. This can likely be attributed to the fact that the company's latest iPad is cheaper than previous models at $329.

Macs only saw a 1% increase in units, from 4.252 million to 4.292 million, but the PC lineup brought in 7% more revenue, increasing from $5.239 billion to $5.592 billion. This is probably due to the company's new MacBook Pro and iMac lineup that may be leading users to purchase more expensive PCs.

Apple's services continue to grow, seeing a 22% increase year-over-year. Revenue jumped from $5.976 billion to $7.266 billion. Finally, 'other products' saw a 23% increase in revenue, from $2.219 billion to $2.735 billion.

For next quarter, Apple says that we can expect to see revenue between $49 billion and $52 billion, with a gross margin between 37.5 and 28 percent.

Report a problem with article
Next Article

Gears of War 4 August update now available, adds two new maps

Previous Article

Win a year of Stardock's Object Desktop suite with its Golden Key giveaway

23 Comments - Add comment