Apple’s Third Quarter Results

Apple:

Apple today announced financial results for its fiscal 2017 third quarter ended July 1, 2017. The Company posted quarterly revenue of $45.4 billion and quarterly earnings per diluted share of $1.67. These results compare to revenue of $42.4 billion and earnings per diluted share of $1.42 in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue.

When you look at the data, the most striking number is that iPad sales were up 15 percent year-over-year. That’s the first time that’s happened in a few years. But iPad revenue was only up about 2 percent. That suggests to me, strongly, that this sales bump was driven strongly by the new 9.7-inch iPad that starts at $329.

See also: Jason Snell’s cornucopia of graphs visualizing Apple’s results.

★ Tuesday, 1 August 2017