Apple just made more money than any company ever, but there’s one problem

Apple posted $18.4 billion in profit last quarter, earning more than any single public company ever, but there’s one problem.

iPhone revenue was up a meager 1% year-on-year and the number of units sold was basically flat, resulting in its slowest sales growth since 2007, according to Recode.

It’s a sign that sales of Apple’s golden goose are stalling, and it could spell trouble for the company moving forward.

The iPhone is still Apple’s largest revenue driver by a large margin, though, and the company moved 74.8 million units in the holiday quarter. Its “Other” product category, which includes Apple TV, Apple Watch, Beats products, iPod and Apple-branded and third-party accessories, is starting to pick up, posting a 62% increase in revenue year-on-year.

Apple said it had all-time record sales for the iPhone, Apple TV and Apple Watch, though per custom it didn’t reveal how many Apple Watches it sold (same goes for Apple TV).

Coming off a huge quarter last year for the iPhone 6 and iPhone 6 Plus, it’s not surprising Apple didn’t see more growth for what are essentially incremental updates to the phones in the iPhone 6S and 6S Plus.


Chriss Stephens
Editor in Chief at Chriss is a Blogger with focus on latest hardware and all operating systems, but especially on Windows