Yesterday Apple revealed the financial results for the first fiscal quarter of 2017, beating analysts expectations and breaking records for the company.
In these results, Apple reported that it saw revenues from its iPhone product rise to $78.4 billion, up from last year’s $75.9 billion in revenue, which is thanks to a reported 5 percent rise in sales to a total of 78.3 million in iPhone sales.
This broke Apple’s records and beat the expectations of various analysts, who predicted that iPhone sales would be around 76 million for the holiday quarter.
However, Apple is still relying a lot on iPhone sales and it is by far their biggest seller. Tim Cook did note that they have “sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch.”
The iPad declined 19 percent to 13.1 million in sales and declined in revenue by 22 percent to $5.5 billion. Mac sales went up 1 percent to 5.4 billion, increase year-over-year revenue by 7 percent to $7.2 billion and finally, Apple’s “other” products (Apple TV, Apple Watch, Beats, iPod, and various other accessories) did decline by 8 percent year-over-year to $4 billion for the quarter.
That all said, these are pretty successful results for the company, despite showing that Apple needs another product line to rely on, with Android use increasing, there is only so long that they will be able to rely on the iPhone for.