Apple reported strong fiscal third-quarter earnings on Tuesday, demolishing Wall Street expectations, with every single one of the company’s major product lines growing over 12% on an annual basis.
Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.
Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:
- EPS: $1.30 vs. $1.01 estimated
- Revenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year
- iPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year
- Services revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year
- Other Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year
- Mac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year
- iPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year
- Gross margin: 43.3% vs. 41.9% estimated
Apple also had a strong quarter in its Greater China region, which includes Taiwan and Hong Kong. The company reported $14.76 billion in sales in the region, up 58% from the same quarter last year when China was in lockdown.
Americas sales were up nearly 33% year-over-year to $39.57 billion.