iPhone sales lift Apple in Q3

iPhone, Apple Watch, Mac and App Store drive revenue growth of 33%
Apple, IPhone, Q3 results, Results, Sales

Share

Apple this week posted exceptional results for the third quarter ended June 27, edging out analysts' expectations.

Apple CEO Tim Cook praised third-quarter iPhone 6 and iPhone 6 Plus sales as attracting both new high-end and former Android phone users, as well as cranking the company forward in a quarter that is typically a struggling point for smartphone sales.

"We look at it as our job to grow our products regardless of the price, which means we need to convince people to move from one price point to another," Cook said. "If you look at the iPhone, you will see that in action."

The company said it sold 47.5m iPhones, up 35% from the same quarter a year ago, charging earnings of $1.85 per share on sales of $49.61bn.

The growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch.
“We had an amazing quarter, with iPhone revenue up 59% over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” added Cook. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in autumn.”

Meanwhile, sales of the iPad fell about 18%, marking a sixth quarter of year-over-year declines, while the Mac business marked a brighter spot, as Mac sales increased 9% year over year.

Cook remained mum on Apple Watch sales, stating that sales of Apple's newest product, released in April, "exceeded expectations," but that he didn't want to reveal any numbers that might "give our competition insight on a product that we've worked really hard on."

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story