Apple today reported its earnings for the fiscal 2018 third quarter, and it turned out to be the company's best June quarter of all time.
Apple says that it sold 41.3 million iPhones in Q3 FY18, up from the 41.0 million it sold in Q3 FY17. iPad sales grew slightly year-over-year, too, finishing this quarter at 11.6 million. Mac sales fell from 4.3 million units in Q3 FY17 to finish at 3.7 million in Q3 FY18.
The Services division of Apple brouight in $9.5 billion in revenue, up from $7.3 billion in the year-ago quarter. Services includes revenue from Digital Content and Services, Apple Care, Apple Pay, licensing, and more. Apple's Other Products category enjoyed growth this quarter, too, growing 37 percent YoY to finish at $3.7 billion in revenue. The Other Products category includes sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other accessories.
Overall revenue for the quarter finished at $53.3 billion, up 17 percent YoY, while net income grew to $11.5 billion for the quarter.
Here's what Apple CEO Time Cook had to say about the company's Q3 FY18 performance:
“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth. 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.”
Looking ahead, Apple says it expects revenue for Q4 FY18 to finish between $60 billion and $62 billion. Its revenue for Q4 FY17 finished at $52.6 billion.
Apple will host an earnings call shortly to talk about its Q3 FY18 further and take questions from analysts. I'll be listening in and will update you with any interesting details that Tim Cook and Co. have to share.
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