Apple, Inc. (NASDAQ: AAPL) reached an all-time high of $128.30 as 78.29 million iPhones were sold in the first quarter of fiscal 2017. The previous year the tech company sold 74.78 million iPhones within the first quarter of fiscal 2016. Shares of Apple have been trading over 5 percent today.
The tech giant reported expectations that beat analyst estimates. Revenue of $78.4 billion at $3.36 a share for the quarter that ended on December 31st, 2016. Both numbers were highest on record and beat estimates of $3.21 a share on revenue of $77.25 billion, according to Thomson Reuters.
“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,” said Tim Cook, Apple’s CEO. “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”