Apple's net earnings grew to Dollars 1.67 per share from USD 1.42 a year earlier, and the company maintained its quarterly dividend at 63 cents a share.
For Apple's fourth fiscal quarter, it expects between $49 billion and $52 billion in sales with a gross margin of 37.5% to 38%. As an indication of that, iPhone hardware sales were down almost 20% quarter-on-quarter at 41 million units. On a sequential basis, 19% fewer iPhone units were sold during the fiscal third quarter compared to the fiscal second quarter.
XAutoplay: On | OffApple earned $1.67 a share, up 18% year over year, on sales of $45.4 billion, up 7%, in the three-month period ended July 1.
Average selling price for iPhones during the third quarter was $606, which is below the $628 expected by analysts.
Apple's stock spiked more than 5 percent on the news.
This marks the first time Apple has experienced an increase in iPad sales in 14 quarters, likely due to the release of the well-received 10.5-inch iPad Pro, as well as the 9.7-inch iPad.
The growth came thanks in part to product debuts at the company's Worldwide Developers Conference (WWDC) in June, which should "extend [Apple's] competitive lead this fall and well into the future", CEO Tim Cook said during the quarterly earnings call on Tuesday. Services includes revenue from the App Store, Apple Music, AppleCare, and Apple Pay, among others. Last quarter, Apple's service revenue was $7.26 billion, up 20% from Q3-2016's tally.
Although a large percentage of Apple'srevenue comes from the iPhone, the iPad posted impressive results. He also said the high number of rumors regarding the 10th anniversary iPhone have caused a "pause" in current iPhone sales, but added that it "probably bodes well for later on".
"Where that effects us in the short term, even though we had great results, probably bodes well [for] later on", Cook said.
It's a strong suggestion that the iPhone 8 will release in September as originally expected. IPadrevenue rose 2 percent, to $4.97 billion, with 11.4 million iPads sold, which got the tablet back on track after three-straight quarters of either flat or declining year-over-year iPad revenue.
Discovery buys Scripps Networks for $14.6bn
After posting $0.41 EPS for the previous quarter, Discovery Communications Inc .'s analysts now forecast 68.29 % EPS growth. Moffett Nathanson reiterated a "sell" rating on shares of Discovery Communications in a report on Friday, June 9th.
Small Businesses Unsure About Health Care
Traveling Friday afternoon, President Trump responded to questions about the health care vote by saying, "It's going to be fine". They may also lose trust in their government and their elected leaders, and, eventually, in democratic government itself.
Bitcoin Has Split, What Now?
Ether, the digital currency that runs on the Ethereum network and is considered bitcoin's chief rival, rose 2.6% to $209.91. Hileman says the support for Bitcoin Cash is being driven by financial opportunism, with some seeing it as "free money".
Barcelona beats Real Madrid 3-2 in Champions Cup
However, their summer has so far been dominated by the transfer saga involing Neymar's potential transfer to Paris Saint-Germain. Nearly all the new arrivals played some role in the loss to Barcelona but there is nothing to worry about, not yet.
Priebus gone, can Kelly bring discipline to the White House?
House Speaker Paul Ryan, a longtime friend of Priebus', said he "left it all out on the field, for our party and our country". When pressed by Blitzer on why he resigned from the role, Priebus responded, "I'm not going to get into that personal stuff".
'Game of Thrones' recap: "The Queen's Justice"
Afterward, he and Olenna had a very calm conversation where he talked about all the ways that Cersei wanted Olenna killed. So no, Jon's not going to bend the knee, and Dany's not going to give him dragonglass - at least not right away.