"Apple's year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter", said Luca Maestri, Apple's CFO.
After the iPhone 8's muted rollout in late September, the lines of people willing to wait overnight suggest massive demand for the iPhone X - despite its United States $1,000-plus price tag. The combo of new iPad Pro models alongside the low-cost but excellent standard iPad led to 10.3 million tablets sold for Apple, up 11 percent year-over-year.
The new phone, which goes on sale around the world on Friday, drew a line of about 350 people outside Apple's store in Sydney, Australia shortly after the company released its results. That suggested strong demand and limited supply with Apple saying demand was "off the charts".
Apple is expected to report earnings of $1.87/share on $51.17 billion in revenue.
The tech company sold 46.7m of its flagship iPhones in the last three months, beating analysts' expectations and generating revenues of $28.5m - more than half the $52.6bn it earned over the quarter, which included the launch of the iPhone 8 at the end of September. The new iPhone also requires more sophisticated components to power the facial-recognition technology for unlocking the device.
In Singapore, there are "hundreds" waiting for the iPhone X outside Apple's freshly-opened store.
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"We are launching the much-awaited iPhone X tomorrow".
At Wednesday's $166.89 stock price, down 1.3 percent from a record high, the Cupertino, California company's market capitalization stood at $862 billion.
Even with the iPhone X's delayed release, Apple is still struggling to catch up. Analysts, who have already factored in the supply challenges, expected $85.2 billion, according to FactSet. But it forecast profit next quarter, which is traditionally its largest for sales due to the holidays, for somewhere between $84 billion and $87 billion.
"Price appears to be a major constraint on iPhone X demand, particularly in China", Bernstein analyst Toni Sacconaghi said in a recent report that showed three-quarters of Chinese respondents were excited by the upcoming launch, but only a quarter said they planned to buy one.
Finally, the grab-bag Other Products category tallied $3.2 billion in revenue last quarter, a 36 percent increase from last year's take. On the plus side, you're unlikely to run out of storage any time soon and your odds of getting hold of a handset will be better: most customers avoid the highest capacity model to save a few bucks.