The strong quarter boosted the company's cash hoard to $246.09 billion, up $8.4 billion from the previous quarter, according to CNBC.
The results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter. And yes, that was largely pushed by iPhone sales, with Apple saying it sold more 8 percent more devices than past year, in addition to record revenue for Mac, Watch and services (like the App Store).
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There was a sharp and accelerated pace of cost inflation linked to higher commodity prices and rising imported raw material costs. Still, the economist noted that Bank Indonesia's lower interest rates will be able to "fuel" consumer spending.
"iPad" sales were also a low point for the company, coming in at 13 million units sold versus the 16.2 million in the same quarter of 2015.
It's working already. The services business grew 18% from the December-ending quarter a year ago, contributing $7.2 billion of revenue during the December-ending quarter. Shares were up 2.5% in after-hours trading, helped by the fact that the company beat analysts' expectations for the quarter.
Revenue from services, including digital music, Apple Pay, cloud storage and applications, rose 18% in Q1 to $7.2 billion, beating analyst exceptions for $6.9 billion, according to data from FactSet cited by CNBC. The company is expecting operating expenses between $6.5 billion and $6.6 billion, and a tax rate of 26 percent. Global sales accounted for 64% of the quarter's revenue, it noted. The Christmas period was seen as crucial for for Apple, whose iPhone sales have begun to slide in recent years.
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President George HW Bush will perform the coin toss at Super Bowl 51 this Sunday in Houston . Bush 41's spokesman Jim McGrath also confirmed the news via Twitter.
Apple provided guidance for its fiscal second quarter.
Keeping with (a rather sad) tradition, Apple did not give a specific number for its Apple Watch sales, opting to keep it in the "Other Products" category, though Cook and Co. did report that the product has a record quarter.
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White House spokesman Sean Spicer said on January 30 that the administration was "aware" of the test and was "looking into the exact nature of it".