Apple ended the first quarter of fiscal year 2018 with a record profit, despite selling fewer iPhones than in the same period of the year prior.
Here are five things to know.
1. Apple recorded revenue of $88.3 billion in the first quarter of fiscal year 2018, an increase of 13 percent from the same period of the year prior and an all-time record.
2. Apple's profit grew from $17.9 billion in the first quarter of fiscal year 2017 to a record of $20.1 billion in the first quarter of fiscal year 2018.
3. The company posted quarterly earnings per diluted share of $3.89 in the first quarter of fiscal year 2018, up 16 percent from the same period of the year prior.
4. Apple said it sold 77.3 million iPhones in the first quarter of fiscal year 2018, about 1 percent lower than its sales in the same quarter of fiscal year 2017.
5. "We’re thrilled to report the biggest quarter in Apple's history, with broad-based growth that included the highest revenue ever from a new iPhone lineup," Apple CEO Tim Cook said in a statement.
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