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Tuesday, July 31, 2018

APPLE REGISTERS BEST Q3 EVER

Apple posted its best June quarter ever, driven by iPhone, Services and Wearables. Revenue at the Services division, which includes iTunes and Apple Music, revenue was up 31% year-to-year.

Apple posted Q3 revenue of $53.3b for the quarter ended 6/30, 17% rise from the year-ago quarter. International sales accounted for 60% of the quarter’s revenue.

Revenue at the services division hit $9.55b, a 4% rise from Q2. It beat Wall Street estimates of $9.21b.

Apple is predicting fourth-quarter revenue of between $60b and $62b, reaching beyond Wall Street predictions of $59.5b.

 
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