Apple's Fiscal Third Quarter Earnings, Revenue Beat Estimates
$Apple(AAPL)$
Earnings for the three months ended June 29 rose 11% to $1.40 a share, compared with the average $1.35 of analyst estimates compiled by Bloomberg. Revenue gained 5% to $85.78 billion, better than the $84.46 billion expected by Wall Street.
"We continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work," CEO Tim Cook said in the company's press release.
Apple Chief Financial Officer Luca Maestri said installed base of active devices reached a new all-time high in all geographic segments.
Picture attached is the breakdown of the results.
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