Apple beats revenue forecast in first quarter, but iPhone sales took a hit

iPhone X - How to use AirDrop
Julian Chokkattu / Digital Trends
Despite reports that Apple hadn’t sold as many iPhone X units as it may have hoped, the iPhone and iPad maker has beaten its revenue forecast for the fiscal first quarter of 2018. The company raked in a massive $88.4 billion in revenue, topping the forecast of between $84 billion and $87 billion.

Apple’s fiscal first quarter of 2018 includes the last three months of the 2017 calendar year.

According to the report from Apple, it sold 77.3 million iPhones, 13.2 iPads, and 5.1 million Macs, which drove an increase in revenue compared to the same quarter the previous year, when it earned $78.4 billion.

Perhaps even more important is the fact that Apple has reported an active install base of 1.3 billion devices. In other words, there are 1.3 billion Apple devices that are regularly used by customers. That, of course, doesn’t mean that 1.3 billion people use Apple devices — many Apple users own multiple devices. Some even probably own an iPhone, iPad, Mac, and Apple TV.

Reports of lackluster iPhone sales have some weight — though lackluster is hardly a word many would use to describe 77.3 million units sold. The company reported iPhone sales of 78.3 million units in Q1 2017, so while Q1 2018 was better for overall revenue, the fact is that the company sold fewer iPhones during the most recent quarter. It will be interesting to see how the company responds. Reports indicate that the company could launch as many as three phones with iPhone X-type designs in 2018.

This year could also be interesting for the company as it’s gearing up to launch the HomePod, its Siri-powered smart speaker. It’s also rumored to be prepping a new Mac Pro, though it’s unlikely the Mac Pro will have a huge impact on its overall revenue.

Still, despite the slip in iPhone unit sales, Apple says that Q1 2018 was its biggest quarter ever — and that’s no small feat. Not only that, but the iPhone is still provides Apple’s biggest revenue stream by far.

“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,” said Apple CEO Tim Cook in a statement.


Google’s Stadia is the future of gaming, and that’s bad news for our planet

Google’s upcoming Stadia cloud gaming service, and its competitors, are ready to change the way gamers play, but in doing so they may kick off a new wave of data center growth – with unfortunate consequences for the environment.

The latest Apple iPad Pros get steep discounts on Amazon

The iPad Pro is now in its third generation, and the 2018 refresh of this premium tablet is, hands down, Apple’s best one yet. It’s on sale right now, too, for a good discount which can let you score one for as little as $675.

Toyota leads $1 billion investment in Uber’s self-driving tech division

In a move that has been a long time coming, Uber filed its S-1 documents, which sets the stage for the company to finally go public with an initial public offering. The company could be valued at more than $100 billion.

Has it really been 17 years? The past, present, and future of the Xbox

From DirectX Box to 720, it's been a long, strange trip for Microsoft's Xbox gaming console. Here is what happened, from its odd beginnings to the rumored Scarlett console with streaming.
Smart Home

The Houzz app now lets you virtually tile your floor with augmented reality

Augmented reality is starting to be a real bonus to apps like Houzz's View in My Room 3D tool, which recently added the ability to measure how a tiled floor might look in your living space.

The best Bluetooth headsets of 2019, from Sennheiser to Jabra

Quality headsets are rare. Here are our picks for the best Bluetooth headsets available, whether you need something modest, cheap, or loaded with features. We highlight the best Bluetooth headsets you can get for different situations.
Product Review

Screen snags aside, the Galaxy Fold is an exciting step toward a foldable future

Samsung's Galaxy Fold is the company's first foldable phone, with two screens, six cameras, and a dual-cell battery. The phone may be delayed due to display issues, but that doesn't stop us from asking -- what's it like to use?

Samsung begins retrieving all the Galaxy Fold review units

The Samsung Galaxy Fold has arrived, and it goes on sale soon. Folding out from a 4.6-inch display to a tablet-sized 7.3-inch display, this unique device has six cameras, two batteries, and special software to help you use multiple apps.

Common Samsung Galaxy S10, S10 Plus, and S10e problems and how to fix them

Samsung's new Galaxy S10 range is gorgeous and extremely powerful. But they're not perfect, and you may discover some issues with your new phone. Here are some of the most common Galaxy S10 problems and how to fix them.

Michael Kors updates its Sofie smartwatch, but still uses a processor from 2016

Michael Kors announced an update to the Sofie smartwatch, now offering heart rate monitoring, GPS, and NFC support. There's only one problem — the device still offers the Snapdragon Wear 2100 processor.

Capture life in every direction with the best 360 cameras

While 360 cameras are still a new technology, that doesn't mean there's not a few that are worth a look. Whether you want to shoot from the middle or just need a simple, affordable option, here are the best 360 cameras on the market.
Home Theater

The best MP3 players of 2019 cram tons of music into a small package

Want to go for a run, but your phone is weighing you down? Don't sweat it. Can't fit your whole music library on your smartphone? No worries. Check out our list of the best MP3 players, and find one that works for you.

WWDC 2019 Complete Coverage

Apple’s Worldwide Developer Conference is a key tech event each year, and for Apple fans, it will be one of the two best times of 2019 (along with "new iPhone day," of course). For the last few years, Apple has debuted much of its…

Whether by the pool or the sea, make a splash with the best waterproof phones

Whether you're looking for a phone you can use in the bath, or you just want that extra peace of mind, waterproof phones are here and they're amazing. Check out our selection of the best ones you can buy.