Apple Exceeds Expectations With its Q3 Figures

Discussion in 'Apple iPad News' started by Maura, Jul 27, 2016.

By Maura on Jul 27, 2016 at 12:25 PM
  1. Maura

    Maura
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    Apple Q3 earnings better than expected iPad.JPG

    Apple’s Q3 figures were better than expected, reports AppleInsider. The company posted $42.4 billion in revenue, and quarterly net income of $7.8 billion.

    It was iPhone sales that helped Apple to achieve a higher result than expected, with Apple shipping 40.4 million units in total in the June quarter, which was a better result than the $42.2 billion in revenue and 40 million iPhones sold predicted by Wall Street.

    Despite this slight increase, June quarter sales were down from 47.5 million iPhones one year ago, representing a decrease of 15%. Revenue was down from the year ago amount of $49.6 billion.

    As far as iPad sales were concerned, the higher average selling price of the iPad Pro meant that Apple still enjoyed a 9% increase in revenue, despite seeing a 7% decrease in total sales, with just under 10 million units sold in Q3.

    Source: Apple's Q3 beats expectations with $42.4B in revenue, 40.4M iPhone sales
     

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Discussion in 'Apple iPad News' started by Maura, Jul 27, 2016.

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