Apple reports fourth quarter revenue of $52.6 billion

Apple on Thursday posted quarterly revenue of $52.6 billion, an increase of 12 percent from a year ago. Quarterly earnings were at $10.7 billion, up 24 percent, the company said.

“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Tim Cook, Apple’s CEO. “With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

Apple sold 46.6 million iPhones during the fourth quarter, up 3 percent over the year-ago quarter. The company sold 10.3 million iPads in the quarter, up 11 percent over the year-ago quarter, and they sold 5.3 million Macs, up 10 percent from last year.

Services revenue is up 34 percent over last year.