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Tomorrow, we'll see how much the world loves the latest iPhone. Today, we'll have to settle for another spectacular report on Apple's revenue.
Apple brought in $52.6 billion last quarter, a 12 percent increase from the year prior. The device manufacturer blew past analysts expectations of just over $50 billion. Its guidance for 2018 revenue also beats previous estimates.
The company's happy news sent its stock up by more than 3 percent in after-hours trading and bumped its valuation to more than $900 billion — only $100 billion short of being the first $1 trillion company.
For Apple, the iPhone is still the crown jewel. But the tech giant has impressively grown sales in every single one of its other product offerings.
“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” Apple CEO Tim Cook said in a statement.
“With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season," he continued.
It should only get better for Apple later this year. The iPhone X — Apple's latest and most expensive phone yet — wasn't counted this quarter since preorders were last week. It goes on sale in stores Friday. Sales of the iPhone 8 and 8 Plus began late last month.
Apple will host a call with investors at 5 p.m. ET.
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