Apple Q3 2018: $53.3B revenue, 41.3M iPhones + 11.6M iPads sold | iLounge News

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Apple Q3 2018: $53.3B revenue, 41.3M iPhones + 11.6M iPads sold

Apple reported its third quarter 2018 financial results today, with 41.3 million iPhones and 11.6 million iPads sold. The company posted quarterly revenue of $53.3 billion and quarterly earnings of $2.34 per diluted share. For Q4 2018, Apple is providing guidance of revenue between $60 billion and $62 billion, and gross margin between 38 percent and 38.5 percent.

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Tim Cook, Apple’s CEO. “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.”

“Our strong business performance drove revenue growth in each of our geographic segments, net income of $11.5 billion, and operating cash flow of $14.5 billion,” said Luca Maestri, Apple’s CFO. “We returned almost $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases.”

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