After forecasting a record quarter with revenue between $84 billion and $87 billion, Apple has just reported its quarterly results for the last three months of 2017. While Apple’s previous quarter included initial iPhone 8 sales, today’s results are the first to include initial iPhone X sales as it launched in early November.

Apple reports $88.3b in revenue and $20.1b profit from 77.3m iPhones, 13.2m iPads, and 5.1m Macs sold. That compares to $78.4b in revenue and $17.89b in profit from 78.3m iPhones, 13m iPads, and 5.3m Macs in the same quarter a year ago. Apple reported $52.6b in revenue and $10.7b profit from 46.7m iPhones, 10.3m iPads, and 5.4m Macs during the previous quarter.

Apple highlights that its active install base reached 1.3 billion devices in January, and the company forecasts revenue between $60 and $62 billion during FY2018 Q2.

Full press release after the break, and stick around for our earnings call live blog at the top of the hour:

Tim Cook:

“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. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple's CEO. “We've also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That's an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

Luca Maestri:

“Thanks to great operational and business performance, we achieved all-time record profitability during the quarter, with EPS up 16 percent,” said Luca Maestri, Apple’s CFO. “Cash flow from operations was very strong at $28.3 billion, and we returned $14.5 billion to investors through our capital return program.”

Source: 9to5mac