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Apple results blow past expectations again in 3Q
Question of the Day
NEW YORK (AP) - Apple says results trumped expectations for yet another quarter, with iPhone and iPad sales setting new records.
Net income in the fiscal third quarter, which ended in June, was $7.31 billion, or $7.79 per share. That’s more than double the $3.25 billion, or $3.51 per share, a year ago.
Analysts polled by FactSet were expecting earnings of $5.82 per share.
Revenue was $28.6 billion, up 82 percent from $15.7 billion a year ago. Analysts were expecting $24.8 billion.
The results were lifted by the sale of 20.3 million iPhones, millions more than analysts had expected.
IPad sales came in at 9.25 million units, also above analyst expectations.
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