San Francisco sources have stated that recently Apple posted record revenue of $88.3 billion a 13% increase from a year ago for the first quarter of fiscal 2018 that ended on December 30. Meanwhile Apple's earnings per share rose 16% to $3.89 which is also a record. International sales accounted for 65% of the quarter's revenue.
Apple CEO Tim Cook said in a statement that "They are 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". He added that "iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November".
Cook added for its fiscal 2018 second quarter,
Apple forecasts revenue between $60 billion and $62 billion. Apple sold 77.3
million iPhones in the holiday quarter. He told "They have also achieved a
significant milestone with our active installed base of devices reaching 1.3
billion in January which is an increase of 30% in just two years".
