Ondrej Holzman Apple reported revenue of $2017 billion on a profit of $45,4 billion for the third quarter of fiscal 8,72, making it the second most successful third quarter ever. The significant news is that after a long time iPads have done well.
The Californian company managed to grow in all product categories, and in addition, its results exceeded analysts' expectations, after which apple shares rose by 5 percent to an all-time high ($158 per share) after the announcement of financial results.
Year-on-year revenue growth is 7%, profit even 12%, so it seems that Apple is catching its breath again after a relatively weak period. "We have a certain momentum. Many things that we have been working on for a long time are beginning to be reflected in the results, he said pros WSJ Apple CEO Tim Cook.
Above all, Apple succeeded in reversing the unfavorable development of iPads. After thirteen consecutive quarters of year-over-year declines in iPad sales, the third quarter finally brought growth—up 15 percent year-over-year. However, revenues from tablets only increased by two percent, which primarily indicates popularity a new and cheaper iPad.
Services, which include digital content and services, Apple Pay, licensing and more, had their best-ever quarter. Revenues from them amounted to 7,3 billion dollars. 2,7 billion dollars came from the so-called other products, which also include the Apple Watch and Apple TV.
iPhones (41 million units, up 2%) and Macs (4,3 million units, up 1%) also saw very slight year-over-year growth, meaning neither product saw a decline. However, Tim Cook said that there was a certain pause in the sales of Apple phones, which was mainly caused by the lively discussion about the new iPhones, which many users are impatiently waiting for.
That is why it is very interesting to watch Apple's forecast for the next quarter, which ends in September. For Q4 2017, Apple presented a revenue forecast of between $49 billion and $52 billion. A year ago, in Q4 2016, Apple had revenues of just under $47 billion, so it's clear that it expects there to be interest in the new iPhones. At the same time, we can expect their presentation in September.
