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Lost in the market worries about slowing iPhone sales, Apple TV recorded its highest sales quarter.
In financial results for its fiscal 2016 first quarter Apple posted record revenue of $75.9 billion (€69.7bn) and record quarterly net income of $18.4 billion. These results compare to revenue of $74.6 billion and net income of $18 billion, in the year-ago quarter.
The Apple TV box proved a key driver in its latest quarterly results. “Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” CEO Tim Cook said in a statement, without offering any actual sales figures for the Watch and TV devices.
The company’s “other products” category, which includes sales of Apple TV, Apple Watch and other items, increased revenue by 62 per cent, although its total sales are still a fraction of those for the iPhone. The company sold 74.8 million iPhones in the latest quarter, an increase of less than 1 per cent.