Apple announced its financial results for its 2018 first quarter. Revenue was $88.3 billion, a 13% increase compared to $78.3 billion reported in Q1 of 2017. Company said this was the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone represented around 70% of the total revenue in the quarter, with iPhone X surpassing all the expectations and being the top-selling iPhone every week since it shipped in November. Net Income was $20.1 billion compared to $17.9 billion reported in Q1 of 2017.
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