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Apple impresses with quarterly profit

by Milan
July 31, 2018
Image: CC0

Image: CC0

Apple opened its books this evening and was once again able to convince.

The iGroup exceeded expectations with earnings of $2.34 per share. Analysts on average had forecast earnings of $2.16.
In the same quarter last year, the iGiant posted earnings of $1.67.

Apple generated revenue of 53.3 billion US dollars and posted a profit of 11.52 billion US dollars. In the third quarter of the 2017 fiscal year, revenue was only 45.41 billion US dollars and profit was 8.72 billion US dollars. Apple sold, among other things, 41.3 million iPhones, 4 million Macs and 11.5 million iPads.

After hours, the share price rose by 2 percent.

Click here for the Earnings Call
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