Apple has just announced its fiscal Q2 2018 financial results and it’s their best second quarter with an overall revenue increase of 16% compared to the same period a year ago. They have generated a quarterly revenue of US$61.1 billion and 62.2% of that is coming from the iPhone.
With price starting at USD$999 or RM5,149 in Malaysia, the iPhone X is the most expensive iPhone yet. In the last quarter, Apple had managed to sell slightly over 1 million more iPhones year on year and there were reports that most of these sales are coming from their older iPhone models that were offered at a discount.
The iPhone 8/8 Plus duo had gone on sale at the end of September, while the iPhone X only hit the market in the first week of November. Despite recent reports that the iPhone X isn’t doing well, Apple had recorded their highest revenue yet for their fiscal 2018 first quarter.