Apple announces their Q3 2017 financial earnings, earning $45.4 billion in revenue
Apple has today released their earnings for the 3rd financial quarter of 2017, revealing the company has earned $45.4 billion in revenue by selling 40.8 million iPhones, 11.4 million iPads and 4.3 Macs which helped Apple beat Wall Street expectations.
During the announcement, Apple shared that this quarter iPad sales were strong, reaching 11.4 million units sold, and that Mac sales hit 4.3 million, up slightly from the same period in last year.
During the earnings call hosted by Tim Cook and Luca Maestri, Tim praised the increased revenue and a quarterly record for Services revenue:
“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”
Following tradition, the Apple executives will 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 rest of the year.