Apple Inc (NASDAQ:AAPL) unveiled its latest quarterly earnings results after hours today.
The company continued the streak of tech companies beating expectations as it sold 46.7 million units in iPhone sales during its fourth quarter of fiscal 2017, topping the 46 million that analysts polled by FactSet had projected.
The company’s revenue totals also impressed as Apple brought in $52.6 billion, compared to analysts’ expectations of $50.7 billion, according to data compiled by Thomson Reuters.
A year ago, the tech company posted sales of $46.9 billion. In its first quarter, Apple sees its revenue as being in the range of $84 billion to $87 billion compared to the Thomson Reuters estimate of $84.9 billion.
The launch of the new iPhone has been a hit for the company as the release of both the iPhone and the iPhone 8 Plus saw both phones become the highest-selling phones at the moment for Apple.
It’s no secret that the tech giant has been investing heavily in China recently, where sales tallied up to $9.8 billion, a 12% increase compared to the year-ago mark. Sales of iPads were particularly good in Asia as the tablets’ sales grew 39% year-over-year in India.
AAPL stock gained 1.8% after the bell Thursday.
