Apple (NASDAQ:AAPL) just released its fourth-quarter fiscal 2016 earnings data, and as always, the investment world is buzzing. Coming into today, one of the hottest points of discussion surrounding Apple was iPhone sales, and the new report has provided us with some updated numbers.
Today’s report will be the first to include sales of the iPhone 7, Apple’s most recent addition to its flagship smartphone line. The iPhone 7 caused great controversy upon its announcement after Apple chose not to include the industry-standard 3.5mm headphone jack on the device.
iPhone sales have typically accounted for around 60% of Apple’s revenue, but total sales of the phone have not been consistently climbing like they once did. Last quarter, Apple iPhone unit sales came in at about 40.4 million, down 15% year over year. Revenues from iPhone also fell 23% from the year-ago quarter to a little over $24 billion (57% of total revenue). Nevertheless, the number of units sold was greater than anticipated, which boosted investors’ confidence.
According to today’s report, Apple sold 45,513,000 iPhone units in the fourth quarter. That represents an increase of 13% sequentially, but a decrease of 5% year-over-year. Total revenue from Apple’s iPhone unit came in at $28.16 billion, which is up 17% sequentially but down 13% year-over-year.
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