Apple’s Latest Quarter: 41 Million iPhones Sold, $45 Billion Revenue Generated

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Apple today announced financial results for its fiscal 2017 third quarter, which ended July 1.

The company posted quarterly revenue of $45.4 billion, up 7% from $42.4 billion in the year-ago quarter.

“With revenue up 7% year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Apple CEO Tim Cook.

“We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”

Apple sold 41 million iPhones (up 2%), 11.4 million iPads (up 15%), and 4.3 million Macs (up 1%).

“We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share,” said Luca Maestri, Apple’s CFO. “We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”

Shares of Apple are up 6% in after-hours trading after exceeding analyst expectations.

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