Apple’s record Q1 2017 earnings: 78.3M iPhones, 13.1M iPads, $78.4B revenue

By , Jan 31, 2017

Apple on Tuesday reported its [fiscal] Q1 2017 earnings,  offering a look at its performance over the all-important 3-month holiday quarter. To the surprise of many analysts, the company beat Wall Street’s expectations by posting a record 78.3 million iPhone sales and $78.4 billion in revenue.

Here are Q1 2017 numbers compared to figures from the same quarter in 2016.

  • Revenue: $78.4 billion vs. $75.9 billion
  • iPhones:  78.3 million vs. 74.8 million, up 5%
  • iPads: 13.1 million vs. 16.1 million, down 19%
  • Macs: 5.37 million vs. 5.31 million, up 1%

And here are some comments on the numbers from Tim Cook and Apple CFO Luca Maestri:

“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. 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. “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”

“Our outstanding business performance resulted in a new all-time record for earnings per share, and over $27 billion in operating cash flow,” said Luca Maestri, Apple’s CFO. “We returned nearly $15 billion to investors through share repurchases and dividends during the quarter, bringing cumulative payments through our capital return program to over $200 billion.”

Other interesting points from the earnings report include the revenue from “Other Products,” which includes Apple Watch and Beats headphone sales, was down 8% year-over-year in Q1, and revenue from China sales fell 12%. That’s pretty big considering the country is Apple’s 2nd largest market.

Apple will be starting its conference call shortly, so stay tuned for more highlights from their Q1 earnings.

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  • Charlie


  • George

    I’m sure that the free iPhone 7 promotions that happened from day one had nothing to do with it.

    • Ashy Larry

      Maybe it’s from Samsung’s screw up…

      • George

        That too.

      • Rowan09

        So Samsung is the only Android company?

      • tariq

        no, but its clearly the major one.
        4th quarter of 2016 global sales were 17.8% for apple and 17.7 for samsung.
        via: CNET

      • Rowan09

        So Apple sold a record number because of the Note? If someone likes Android they would go get an Android for the most part. 2016 was an S upgrade so we didn’t expect huge numbers

      • tariq

        Note was part of a reason. Not the reason.

    • RCC

      Just because your carrier or whatever gave you a free iPhone, doesn’t mean they got one for free from Apple.

      Deal with it.

      • George

        I never said that… Also when phone carriers have to try so hard to sell your lack luster three year in a row design that is troubling. The news that the next iPhone is going to be a new design are also wrong.

      • Rowan09

        What free deals? I know of the buy one get 1 free with 2 VR headsets on launch from the S7 devices (from Samsung as well). Apple doesn’t do deals, carriers may do it to lock you in.

      • RCC

        78 million troubles.

        The iPhone 7 design is perfect as it was with the iPhone 6.

        There’s nothing better, you can’t make it more clean.

      • Kzboi

        Ha. I love how people like you just hate. The numbers speak for themselves. Idiot.

      • burge

        I don’t think any carrier tried to sell the device people just wanted it. No one is forced to take any device they don’t want and with this being the most sales I think my first comment of people just wanted it is the proof.

    • burge

      Sorry for jumping in but no one has asked “what promotions ?”

      • George

        Um all 4 carriers had a free iPhone 7 with a trade in of an iPhone 6 or above.

      • burge

        That’s the carrier not Apple and Apple sell worldwide. And I think you’ll find that once one carrier does a promotion like this other carrier from that country will do the same as to not lose out on business.

    • ClaudieX X

      Someone is EXPLODING envy…. or simply too much numbers for him… let the numbers alone man, it appears that´s not your best… your are getting late to take your next selfie, go son… go…

  • rockdude094

    Shit I sold my apple stock expecting less

    • CAIO MARIZ®


      • rockdude094

        Actually they were expecting a huge slump but apparently the smartphone industry doesn’t follow computer sales

      • CAIO MARIZ®

        Apple user base overcomes 1 billion.
        The customer products upgrades will never die, indeed they are growing

  • Jamessmooth

    Apple is doomed. Finished.