Apple Posts Strong Q4 2017 Financial Results

Apple India revenue doubles on-year for Sept quarter, most iPhone SE models sold in India made locally

Early morning line-up for new iPhone X

It's the smallest revenue category for Apple, so it's easier to make big percentage gains in that fashion, but it does point to strength in the company's smaller products. "I think you would find you could buy an iPhone X for $33 a month", he said.

"A trillion-dollar market cap may now be in Cook's sights in light of these results and guidance around iPhone X", said Daniel Ives, an analyst at GBH Insights, referring to Apple Chief Executive Tim Cook.

According to the reports, Where the primary requirement for iPhone X has been the title of extremely consideration and the announcement of the iPhone 8 had been satisfied with shorter than the magnificent sale. Maestri also told Reuters the company had doubled its revenue in India during the fiscal fourth quarter, though he did not give any details.

SHANGHAI/BEIJING, Nov 1 (Reuters) - Gu Xiaomeng, a 24-year-old primary school teacher in the eastern Chinese city of Suzhou, says she's excited about the new iPhone X, set to go on sale on Friday. "That's a few coffees a week".

Apple's stock, which has risen 45 percent this year, closed at $168.24.

Analysts interviewed by AFP see signs of strong demand for iPhone X, perhaps fueled by the company's famously devoted fans who have shunned freshly released iPhone 8 models to wait for the 10th anniversary device.

The X is the first iPhone in several years with a redesigned look. The phone is instead unlocked with a so-called Face ID system, which uses a depth-sensing camera on the front of the phone to let the user unlock it with his or her face. If only we'd get Apple Watch or Apple TV sales numbers.

Cook stressed that the devices have been selling well, but admitted the staggered launch of two new iPhone models marks a new approach for the company with certain unknowns. And the report barely raises the curtain on sales of the iPhone 8 series.

Even with the iPhone X's delayed release, Apple is still struggling to catch up. The firm was also expected to sell 46 million iPhones, analysts said.

The tech company sold 46.7m of its flagship iPhones in the last three months, beating analysts' expectations and generating revenues of $28.5m - more than half the $52.6bn it earned over the quarter, which included the launch of the iPhone 8 at the end of September.

The increase in iPhone sales, combined with an 11% increase in iPads sold and continued growth in sales from services like Apple Pay and iCloud, helped push up Apple's overall sales by double-digit percentages.

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