Apple has reported all-time record quarterly revenue of $78.4 billion with a net profit of $17.89 billion in their earnings for the financial year Q1 2017 that ended December 31, 2016. Revenues were up 3.29% year-over-year driven by very strong product mix and the success of iPhone 7 Plus, but profit was down 2.77% YoY. Apple reported all-time record quarterly earnings per diluted share of $3.36. It sold 78.3 million iPhones, an all-time high, compared to 74.8 million in FY Q1 2016, which is 4.6% growth YoY. It sold just 13 million iPads, compared to 16.1 million compared to the same quarter a year ago, down 19.25% and sold 5.4 million Macs. Regarding all-time high iPhone sales, Apple CEO Tim Cook during conference call, said: While iPhone 7 is our most popular model, we saw especially strong demand for iPhone 7 Plus, which was a higher portion of the new product mix than we’ve ever seen with Plus models in the past. Demand for iPhone 7 Plus exceeded supply throughout the quar...