Apple announces $53.3 billion of revenue during Q3 2018 earnings results
Apple has announced their best financial June quarter ever, reporting $53.3 billion in revenue and $11.5 billion in profit after the company sold 41.3 million iPhones, 11.55 million iPads, and 3.7 million Macs during the Q3 financial period.
The results show a 17% increase from the last June quarter, figures that shocked investors who predicted Apple would post at least $51 bilion in revenue, a $2.3 billion underestimate against the official results.
AAPL is currently up around 2 percent in after-hours trading.
We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth, said Tim Cook, Apple’s CEO. – Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.
Following tradition, Apple executives Tim Cook and CFO Luca Maestri will soon be taking part in a Q&A with investors and members of the media shortly after the official earnings call has finished, a live session which usually reveals facts from inside Apple alongside giving us all a small glimpse into what the company has planned for the upcoming year.