Apple today announced its financial results for the third fiscal quarter of this year. According to the report, the company’s revenue in the period was $85.8 billion, which is higher than the expected value of $84.46 billion.
Revenue from iPhones during the period was $39.30 billion, while the expected value was slightly lower than that ($38.95 billion. Speaking of other devices, the revenue from Mac and iPads is $7.01 billion and $7.16 billion, both of which are higher than the expected revenue of $6.98 billion and $6.63 billion respectively.
Wearable devices, home, and accessories revenue in the third quarter was $8.10 billion, which is also higher than the expected revenue of $7.79 billion. Revenue from various services was reported at $24.21 billion, while analysts expected $23.96 billion. Earnings per share in the third quarter was $1.40, while analysts expected $1.35.
Notably, the company has set new records for both revenue and earnings per share in the last quarter, with the Services category setting a new all-time revenue record. Revenue from iPads has increased significantly, which is expected to be due to the recent launch of the new iPad Pro and iPad Air models.
The company’s gross margin for the quarter was 46.3%, up from 44.5% in the same period last year. They also announced a quarterly dividend of $0.25 per share, payable on August 15 to shareholders of record as of August 12. “Today, Apple reported a new June quarter record of $85.8 billion in revenue, up 5% from a year ago,” said Apple CEO Tim Cook. He also talked about the addition to iOS (including Apple Intelligence) they announced at the Worldwide Developers Conference.
(Source)
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