In a letter to investors, Apple announced Q4 2016 sales generated their highest quarterly revenue to date. The company sold more iPhones than ever before, and set other records for the Apple Watch, Mac, and various other services. Apple brought in $78.4 billion in revenue which amounted to profits of $3.36 per share. This number is up $2.5 billion from last year with international sales accounting for the majority of the growth.
Mobile device sales had been dropping recently but Apple sold 78 million iPhones during the holiday quarter which would indicate a strong rebound. Producing larger sized and more expensive models has certainly paid off.
