Apple after having a great holiday season, has released the financial results for its last year’s earnings till December 30, 2017. The results show that a quarterly revenue of $88.3 billion was collected which subjects to an increase of 13 percent from that of last year. International sales accounted for 65 percent of the quarter’s revenue, which itself is a record. Apple’s CEO, Tim Cook spoke about the progress:
We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November. We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.
Apple’s CFO, Luca Maestri added:
Thanks to great operational and business performance, we achieved all-time record profitability during the quarter, with EPS up 16 percent. Cash flow from operations was very strong at $28.3 billion, and we returned $14.5 billion to investors through our capital return program.