Apple can sell iPhones and make a lot of money doing it.
Crazy thought, as you look at your iPhone or the iPhones around you, but it’s been top of mind to investors as they judge the short-term viability of one of the world’s most valuable companies. For the last three quarters, iPhone shipments were on a decline.
This time around Apple proved that it’s still a tech giant worth owning. The company set a new record for unit sales, which also helped them bring in a record amount of revenue for the product.
“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,” Apple CEO Tim Cook said in a statement Tuesday. Read more…