Apple ended fiscal 2017 with a record quarter

Apple's board members held a conference call with shareholders last night. During this traditional event, Tim Cook and co. confided about how the company performed in the last quarter of the fiscal year 2017, i.e. for the period July-August-September. During that time, the company earned $52,6 billion in revenue and $10,7 billion in net income. In these three months, Apple managed to sell 46,7 million iPhones, 10,3 million iPads and 5,4 million Macs. This is a record fourth quarter for Apple, and Tim Cook expects at least the same trend to be seen in the following quarter as well.

With new and fantastic products in the form of iPhone 8 and 8 Plus, Apple Watch Series 3, Apple TV 4K, we are looking forward to this Christmas season as we expect it to be a very successful one. In addition, we are now launching sales of the iPhone X, which is in unprecedented demand. We are excited to present our visions of the future through our great products. 

- Tim Cook

During the conference call, there was some additional information, which we will summarize below in several points:

• iPads, iPhones and Macs all saw record market share growth
• Mac sales up 25% year-over-year
• The new iPhone 8 is one of the most popular models ever
• iPhone X pre-orders are well ahead of expectations
• iPad sales are growing by double digits for the second quarter in a row
• There are more than 1 augmented reality apps in the App Store
• Macy's made the most money in the company's history for the quarter
• 50% increase in Apple Watch sales compared to the previous quarter
• Apple expects the next quarter to be the best in the company's history
• The company is growing again in China
• 30% growth in Mexico, Middle East, Turkey and Central Europe
• The new design of the App Store has proven to be successful, users are visiting it more
• 75% year-over-year increase in Apple Music subscribers
• 34% year-on-year increase in services
• The number of Apple Pay users has doubled over the past year
• Over the past year, 418 million visitors visited Apple stores
• The company has $269 billion in cash at the end of the fiscal year.

In addition to these points, questions were also answered during the conference call. The most interesting ones mainly concerned the availability of the iPhone X, or expected times, where there will be no need to wait for new orders. However, Tim Cook was not able to answer this question, although he stated that the level of production is increasing every week. The iPhone 8 Plus is the best-selling Plus model in history. You can read a detailed transcript of the conference in this article, as well as verbatim answers to a few other questions that weren't all that interesting.

Source: 9to5mac