Apple published its financial results for the quarter ending in March 2018. In the first three months of the year, the company saw a slight increase in iPhone sales on a yearly basis. Since the launch of the iPhone 8, iPhone 8 Plus and the iPhone X, the MSRP of an Apple phone is a bit higher. That allowed the company to record a healthy 14% increase in revenue.
Overall results are looking good for Apple, where none of the products showed a decline in revenue. Services like AppleCare, Apple Pay and the Digital Content and Services brought $9.1 billion or 31% yearly increase and 8% on a quarterly basis.
Other products like AirPods, Apple TV, Apple Watch, Beats headphones, HomePod, iPod Touch and other Apple-branded and third-party accessories saw an increase of almost $4 billion, 38% more than the same quarter a year ago.
Overall net sales were $61 billion, which after the cost of sales, R&D, administrative expenses and taxes became a net income of $13.8 billion, over 25% more than the $11 billion income for the three months, ending on April 1, 2017.