Apple reports record $53.3 billion revenue in Q3 2018, led by iPhone | Tech Industry

Analysts on Wall Street expected Apple to achieve 15 percent revenue growth and 31 percent growth in earnings per share over 2017’s third quarter. Apple actually achieved 17 percent revenue and 40 percent EPS growth year-over-year.

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Apple CEO Tim Cook. “Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.”

While the numbers were up very slightly year-over-year across iPhones and iPads, they were down for the Mac: One year ago, Apple sold 41.026 million iPhones, 11.424 million iPads, and 4.292 million Macs in the quarter. However, services jumped by 31 percent year over year from $7.266 billion in 2017, and “other products” revenue was up 37 percent from $2.735 billion in 2017 to $3.74 billion in 2018.

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