Apple has announced its financial results for the third fiscal quarter of this year, reporting a revenue of $85.8 billion. This figure surpasses the expected value of $84.46 billion, marking a strong performance for the company. In this article, we shall dive more into Apple’s Q3 revenue and more.
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Apple’s Q3 revenue:
Apple’s earnings from iPhones during this period hit $39.30 billion, slightly above the predicted $38.95 billion. Revenue from Macs and iPads also surpassed expectations, with Macs generating $7.01 billion and iPads $7.16 billion, compared to the forecasted $6.98 billion and $6.63 billion, respectively.
In the wearables, home, and accessories segment, Apple earned $8.10 billion, exceeding the anticipated $7.79 billion. Likewise, the services division, encompassing the App Store, iCloud, and Apple Music, brought in $24.21 billion, surpassing the expected $23.96 billion. Apple’s earnings per share for the quarter were $1.40, higher than the analysts’ forecast of $1.35.
This quarter, the company set new records for both revenue and earnings per share. The services category reached an all-time high in revenue, and iPad sales saw a significant boost, likely due to the recent releases of the new iPad Pro and iPad Air models.
Furthermore, Apple’s gross margin for the quarter was 46.3%, up from 44.5% in the same period last year. The company also declared 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 emphasized the new features in iOS, including Apple Intelligence, announced at the Worldwide Developers Conference.
