Apple recently revealed its financial outcomes for the third fiscal quarter of the year. The company reported a revenue of $85.8 billion, surpassing the anticipated $84.46 billion.
Strong Performance Across Devices
iPhone sales contributed $39.30 billion to the revenue, slightly exceeding the forecasted $38.95 billion. Similarly, revenue from Mac and iPad devices reached $7.01 billion and $7.16 billion, respectively, both outperforming the expected $6.98 billion and $6.63 billion.
Revenue from wearables, home products, and accessories amounted to $8.10 billion, once again exceeding the anticipated $7.79 billion. Additionally, services generated $24.21 billion in revenue, compared to the expected $23.96 billion. The earnings per share stood at $1.40, higher than the expected $1.35.
Record-Breaking Quarter
Apple achieved new milestones in both revenue and earnings per share this quarter, with the Services sector hitting an all-time high in revenue. The substantial increase in iPad revenue is attributed to the recent launch of the new iPad Pro and iPad Air models.
The gross margin for the quarter was 46.3%, up from 44.5% in the same period last year. Apple also declared a quarterly dividend of $0.25 per share, which will be paid 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,” stated Apple CEO Tim Cook, who also highlighted the new additions to iOS announced at the Worldwide Developers Conference.
