The iPhone is having its best quarter ever

Apple had a good Q1, although iPhone sales were flat. The company says its signature device had an excellent quarter, thanks to strong sales in regions like China and India.

“iPhone had the best quarter driven by record, with all-time records in every region,” CEO Tim Cook said during the company’s earnings call Thursday. Apple’s income statement reports that the company sold $85 billion worth of iPhones in its first quarter, up from $69 billion in the same period last year.

During the Q&A session, Cook revealed that China has seen a huge increase in sales. “It was driven by iPhone, where we set an all-time record,” Cook said, noting that it was “the best iPhone segment in history in Greater China.” Cook said sales were driven by interest in the iPhone 17, which it was announced in September. The new model has proven to be very popular than the company’s previous iPhone.

Apple’s financial report shows that its total sales in the Greater China region jumped from $18.5 billion in the previous year to $25.5 billion. Cook noted that, overall, the company did well in this area. “I can tell you that during this quarter, traffic in our stores in China grew by strong year-over-year numbers,” he said.

Cook also highlighted India as another region where iPhones – and other products – seem to be flying off the shelves. “We made a record for the December quarter,” Cook said, noting that records were set for “iPhone and Mac and iPad (sales) and a full-time record for operations.” Cook called it a “dangerous sector” in a country he said is “the second largest market in the world and the fourth largest PC market.”

iPhone aside, Apple’s overall sales jumped in every region, the earnings report showed. For example, in America, sales rose from $52.6 billion a year to $58.5 billion, while in Europe they rose from $33.8 billion to $38.1 billion.