Apple (AAPL) Tops Q3 EPS by 48c, Revenues Beat
Apple (NASDAQ: AAPL) reported Q3 EPS of $1.30, $0.48 better than the analyst estimate of $0.82. Revenue for the quarter came in at $81.4 billion versus the consensus estimate of $72.93 billion.
iPhone revenue was $39.57 billion in the quarter, versus $26.418 billion last year. Services revenue reaches a new all-time high of $17.486 billion, versus $13.156 billion last year.
“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” said Tim Cook, Apple’s CEO. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”
“Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “We generated $21 billion of operating cash flow, returned nearly $29 billion to our shareholders during the quarter, and continued to make significant investments across our business to support our long-term growth plans.”
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