Apple has just published its financial results for Q3 2018. The company posted revenue of $53.3 billion. Apple sold 11.6 million iPads, 41.3 million iPhones, and 3.7 million Macs during the quarter.
“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.”
Estimates and Expectations for Q3 2018, and the Year-Ago Quarter (Q3 2017)
Apple’s revenue guidance for Q3 2018 fell between $51.5 billion and $53.5 billion, with gross margin estimated to be between 38% and 38.5%.
Going into today’s earnings call, Bloomberg reported that:
The Cupertino, California-based technology giant is expected to announce fiscal third-quarter revenue of $52.3 billion, according to analyst estimates compiled by Bloomberg. That’s in line with the company’s recent forecast and translates to year-over-year revenue growth of about 15 percent, the strongest for Apple’s June quarter since 2015. Higher iPhone average selling prices, increased services revenue, and unit sales growth for the Apple Watch should drive the expansion, analysts say.
In the year-ago quarter (Q3 2017), Apple earned $45.4 billion in revenue. During that quarter Apple sold 41 million iPhones, 11.4 million iPads, and 4.3 million Macs.
Graphical Visualization
Below, we’ve compiled a graphical visualization of Apple’s Q3 2018 financial results.
