Wednesday, August 1, 2018

Apple’s Q3 2018: 41.3M iPhones, 11.5M iPads, $53.3B revenue

Following along with its yearly routine, Apple today announced it latest quarterly earnings. During the period, the company beat both its own and Wall Street’s expectations by selling 41.3M iPhones and earning $53.3B in revenue. Here’s a full breakdown of the numbers.

Apple's Q3 2018 Earning: 

  • Revenue: $53.3B versus 45.4B last year, up 17%
  • iPhones: 41.3M versus 41M last year, up 1%
  • iPads: 11.5M versus 11.4M last year, up 1%
  • Macs: 3.7M versus 4.3M last year, down 13%
And some comments from Tim Cook and Apple CFO Luca Maestri:
“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.”
“Our strong business performance drove revenue growth in each of our geographic segments, net income of $11.5 billion, and operating cash flow of $14.5 billion,” said Luca Maestri, Apple’s CFO. “We returned almost $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases.”
Apple will be starting its conference call shortly, so stay tuned for more highlights from their Q3 earnings. 


Post a Comment