Apple reports record $88.3 billion revenue in Q1 2018 despite flat device sales

Apple reported its first quarter 2018 financial results today, posting quarterly revenue of $88.3 billion on sales of 77.3 million iPhones, 13.17 million iPads, 5.1 million Macs, and $8.471 billion in services. As expected, the revenue once again represents a record for Apple, though sales of each of the company’s key products’ was either roughly flat or slightly down from last year’s holiday quarter, when it sold 78.3 million iPhones, 13.08 million iPads, and 5.