News You might have missed: Week of February 2, 2018

on February 2, 2018
Reading Time: 5 minutes

Earnings Thursday!

Apple

  • Revenue reached $88.3 billion, growing 13% over Q1 FY2017 and above the high end of Apple’s guidance.
  • This quarter was a week shorter than 2017: average revenue per week was up 21%.
  • Apple’s business is growing in all product categories and in all regions worldwide.
  • Apple’s installed base hit 1.3 billion devices in January, up 30% in just two years.
  • iPhone saw its highest revenue ever.
  • Apple returned $14.5 billion to investors during the quarter.
  • In the March quarter, Apple expects revenue to be between $60 billion and $62 billion.
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