As always, Apple's fortune rolls with the iPhone. The company generates about two-thirds of sales from the device. And a set of revenue not directly from the iPhone, like services, is also tied to the phone.
Apple's highest quarterly revenue ever, and ruined multiple records along the way. As stated in The New York Times, Apple iPhone recaptured the first position with 18 percent global Smartphone market share in Q4 2016, while OPPO grew 99 percent annually and was the star performer.
Apple shipped 78.3 million Smartphone's worldwide and captured 18% market share in Q4 2016, rising a firm 5 percent annually from 74.8 million units in Q4 2015. That helps Apple get more money per individual customer, setting a new record for an average selling price of $695.
As stated in The Forbes, Apple was up to the task, defeat analyst estimates for the holiday season across the board. Earnings per share come in at $3.36 and 78.3 million iPhones sold.
Those iPhone sales are up 5% from a year prior and revenue and earnings per share are new all-time records. Apple shares traded up nearly 3% following its earnings announcement, and the stock is up surplus 25% in the last 12 months. Trading above $124, Apple shares are currently at an 18-month high.
Apple's iPhone 7 breaks Apple's recorded "record revenue" in the market and noted the company designed to invest in the region, including retail stores. Even with the demonetization in India, despite that iPhone 7 break apple all-time record revenue results. Apple iPhones were sold out in most of the neighborhood stores after demonetization.
In 2016, iPhone sales in India crossed 2.5 million units, with a third of its total shipment coming alone from the record fourth quarter (October-December). The Smartphone is still in the early innings of the game, the way the iPhone 7 broke the record of apple sales record in near future it becomes more broke the record of apple.
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