Apple made these announcements as part of its fiscal Q1 2017 earnings release. As far as overall revenue, the Cupertino-company raked in a staggering $78.4 billion, exceeding estimates by over $1.15 billion.
In his call with the press, Cook hinted that Apple's smartwatch is likely holding up a category that saw revenues decline 8 percent year-over-year to just above $4 billion. These latest results show a strong appetite for larger iPhones and if Apple, as rumoured, goes for large with its premium unit then we can expect it to sell out fast. Samsung shipped 77.5 million smartphones worldwide in Q4 2016, dipping 5 percent annually from 81.3 million units in Q4 2015. "Revenue from services grew strongly over a year ago, led by record customer activity on the App Store".
Apple's Services division, meanwhile, generated revenue of $7.17 billion, representing a solid 18% increase year over year.
Canadian documentary filmmaker goes missing while diving off Florida Keys
Stewart is best known for his 2006 documentary Sharkwater, which looked at the impact of shark hunting and the shark fin trade. The dive was her brother's third one of the day, she said, noting that he and his instructor had gone down about 70 metres.
Reasons the Tesla Model S Isn't Top-Rated For Safety
It can travel 53 miles in electric-only mode, while the Prius Prime can go 25 miles without using gas, according to EPA estimates. The BMW i3 , a small electric auto that starts at $42,400, also earned good ratings in four out of five tests.
Lower Earnings Target Projections: Teva Pharmaceutical Industries Limited's (TEVA)
Hudock Capital Group LLC boosted its stake in shares of Teva Pharmaceutical Industries Limited by 37.6% in the second quarter. Krilogy Financial LLC raised its position in shares of Teva Pharmaceutical Industries Limited by 1.0% in the second quarter.
Sales helped boost Apple's revenue 3% to $78.4bn, ahead of analysts' forecasts.
The slowdown in iPhone sales - which account for two thirds of income - led to Apple reporting a drop in annual revenue in October, the first such fall in 15 years. That last bit is mixed news as it means Apple returned to Mac growth, but only barely, and despite a long, long, long overdue update to its MacBook Pro line.
Apple's service revenue increased from over $6 billion in Q1 2016 to $7.2 billion. "We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch", said Tim Cook, Apple's CEO. In other words, Apple completely smashed analyst expectations this past quarter. Second, Apple hasn't ever discussed Apple Watch sales and while we don't get them here, it's a hair surprising that the Apple Watch still set records during the holidays.