Today Apple announced the results for their latest quarter, Q3 2017.
And it was a pretty successful quarter with a total of $52.9 billion in revenue and $11.03 billion in profit.
They sold 50.7 million iPhones during the quarter, 8.92 million iPads, and 4.19 million iMacs. This is up in terms of revenue and profit since the year ago quarter, when Apple reported $42.4 billion in revenue, $7.8 billion in profit, it is also up in terms of iPhones and iPads sold with 40.4 million iPhones sold, and 9.9 million iPads sold in Q3 2016, however, they did sell 4.2 million Macs in the same quarter a year ago, so that’s down.
Apple CEO Tim Cook said the following about the news
“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue, we hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”
And Apple CFO Luca Maestri also added:
“We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share, we also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”
This is certainly interesting news and shows how Apple is still selling products well, however, Macs are still on a decline as Apple’s mobile products increase in sales. We don’t know if the Mac sales decrease is happening because people are moving to these mobile devices or if Apple isn’t paying enough attention to the Mac platform.