Apple recently revealed its earnings report and reported a strong fiscal third quarter.
The quarter ended with the tech giant earning a revenue of $81.43 billion. This led the company to see a year-over-year increase of 36 percent and a record-breaking number for the June quarter. Analysts expected the company to have a revenue of $73 billion, which is far less than what Apple was able to actually earn. The company also reported a net quarterly profit of $21.7 billion.
Considering that this quarter is known for a slow iPhone sales period, Apple’s earnings this period come as a surprise. In fact, they were able to increase their sales by nearly 50 percent. Apple is expected to announce its new lineup of iPhone devices in September.
In addition to iPhone sales, Apple revealed that its sales for the Mac and iPad devices also grew year over year to 16.3 percent and 11.9 percent, respectively. Tim Cook, Apple’s CEO, also shared that this was the best quarter for the Mac and the best “nearly a decade” for the iPad.
You can read more about Apple’s earnings report here.
