Posted Burst Results for Fiscal Third Quarter Ending June 30, but the stock fell in late trading.
For the quarter, Apple (ticker: AAPL) reported revenue of $81.4 billion, up 36% from a year earlier, driven primarily by continued strong demand for iPhones. The figure was nearly $10 billion higher than Wall Street’s consensus estimate of $72.9 billion.
Earnings were $1.30 per share, easily beating the $1 per share that analysts had expected.
iPhone sales came in at $39.6 billion, up nearly 50%, well above the Street consensus forecast of $34.2 billion.
In fact, the company exceeded estimates in every product category. Mac revenue was $8.2 billion, up 16%, while iPad revenue was 12% higher at $7.4 billion. Wearables, home and accessories sales were $8.8 billion, up 36%. Services revenue was $17.5 billion, up 33%.
Sales in the Americas were $35.9 billion, up 33%, while Europe was $18.9 billion, up 34%, and sales in Greater China were $14.8 billion, up 58% . Sales in Japan were $5.5 billion, up 30%, and the rest of Asia was $5.4 billion, up 28%.
“This quarter, our teams have built on a period of unparalleled 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 Apple CEO Tim Cook in a statement. “We will continue our work to infuse everything we make with the values that define us – by inspiring a new generation of developers to learn to code, get closer to our 2030 environmental goal and participate in the urgent work of building a more just future.”
CFO Luca Maestri said in a statement that the company has set sales records in every geographic region, with double-digit growth in every product category. He said the company returned nearly $29 billion to shareholders in the quarter in dividends and share buybacks.
In late trading, Apple shares fell 0.6% to $145.89.
Write to Eric J. Savitz at firstname.lastname@example.org