Apple Releases Q3 Results

By Roland Hutchinson

Apple released its financial results for its fiscal Q3 of 2016 and the company had revenue of $42.4 billion, this is down 15% on the same time last year.


iPhone sales were down by 15% on the same time last year and Apple sold a total of 40.04 million iPhones in the quarter.

“We are pleased to report third quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” said Tim Cook, Apple’s CEO. “We had a very successful launch of iPhone SE and we’re thrilled by customers’ and developers’ response to software and services we previewed at WWDC in June.”

“Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record,” said Luca Maestri, Apple’s CFO. “We returned over $13 billion to investors through share repurchases and dividends, and we have now completed almost $177 billion of our $250 billion capital return program.”

You can find out more details about Apple’s Q3 results over at their website at the link below.

....Apple