Apple reports best June quarter ever with $53.3B in revenue on 41.3M iPhone sales

Posted:
in AAPL Investors edited August 2018
Apple's revenue for the third quarter of the fiscal year 2018 hit $53.3 billion, the company revealed on Tuesday, with it and the earnings-per-share of $2.34 growing year-on-year, and iPhone sales of 41.3 million units.




Apple shipped 41.3 million iPhones during the June quarter, up slightly year-on-year from the same period in 2017, when it shipped 41 million iPhones. Revenue from iPhones of $29.9 billion is up year-on-year by 20 percent from $24.8 billion.

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




The average selling price (ASP) of the iPhone is $724.12, up from the $605.62 ASP from one year ago. This continues a pattern seen in earlier quarters, with the main ASP driver being the premium pricing of the iPhone X, higher than the second quarter's ASP of $728.35 but down from the $796.42 from the first quarter.




Analyst predicted Apple would sell around 42.05 million iPhones in the third quarter, forecasting a range between 39.8 million and 43.3 million.

The iPad earned Apple $4.74 billion in revenue for the quarter, down year-on-year 4.6 percent from last year's $4.97 billion, with sales of 11.6 million units growing 1 percent from 11.4 million units from the same period last year. The results failed to meet analyst estimates of around 11.8 million units shipped.

The period is also the first full quarter the 2018 iPad with Apple Pencil support has been on sale, with the revision not making a major impact on sales, but rather maintaining the level.




Mac revenue of $5.3 billion for the quarter is 4.7 percent lower than one year ago's $5.6 billion. Sales of 3.7 million units are a decrease from the 4.3 million recorded last year. While Apple did recently refresh the MacBook Pro lineup, it will not have affected the reported period's figures, and it is unclear if it will make considerable changes to the next quarter's numbers.




The Services arm of the company is still growing, contributing $9.6 billion in revenue and a yearly increase of 31 percent from the $7.3 billion reported for the period in 2017. Services continues to report double-digit year-on-year growth, making the last quarter the 13th consecutive quarter to do so, and keeping it a relatively predictable revenue source for the company.

Overall revenue in the quarter of $53.3 billion is a year-on-year increase of 17 percent from $45.4 billion, with the earnings per share (EPS) of $2.34 up year-on-year. Last quarter, Apple forecast revenue between $51.5 billion and $53.5 billion, with a gross margin between 38 and 38.5 percent.

Apple is forecasting revenue between $60 billion and $62 billion with a gross margin between 38 percent and 38.5 percent for the coming fiscal fourth quarter. Operating expenses for the period are expected to land between $7.95 billion and $8.05 billion, while the company anticipates a tax rate of about 15 percent.
«1345

Comments

  • Reply 1 of 87
    anantksundaramanantksundaram Posts: 20,408member
    Brilliant performance. Kudos to Cook and team.

    AAPL a mere $25B from $1 trillion.
    bshanktmaymagman1979StrangeDayswatto_cobra
  • Reply 2 of 87
    Not only is it their best ever Q3, but their guidance for Q4 will also be another record ($60-$62 billion guidance vs $52.6 billion record). That's $8-10 billion MORE than their best ever Q4 in history.

    Doomed....
    bshankLukeCagemagman1979chiaStrangeDayswatto_cobra
  • Reply 3 of 87
    racerhomie3racerhomie3 Posts: 1,264member
    Wow. Great job Apple. I am loving the new initiatives in South East Asia. I hope you will succeed.
    magman1979watto_cobra
  • Reply 4 of 87
    mavemufcmavemufc Posts: 326member
    Brilliant 

    magman1979watto_cobra
  • Reply 5 of 87
    wood1208wood1208 Posts: 2,924member
    MAC sales down in last quarter and will continue down because Apple didn't release Function Keys Macbook Pro.
    tallest skiljahblade
  • Reply 6 of 87
    SoliSoli Posts: 10,038member
    Brilliant performance. Kudos to Cook and team.

    AAPL a mere $25B from $1 trillion.
    By my count, about $13 billion away from the $1 trillion milestone in after-hours trading with a 3.18% gain as of this post.

    edit: $994 billion  as of this edit.

    edit2: Now it's only $486 million away.
    edited July 2018 anantksundaramJWSCLukeCagemagman1979watto_cobra
  • Reply 7 of 87
    BebeBebe Posts: 145member
    Nicely done, Apple.  Loved it!  B)
    magman1979watto_cobra
  • Reply 8 of 87
    Mike WuertheleMike Wuerthele Posts: 6,919administrator
    wood1208 said:
    MAC sales down in last quarter and will continue down because Apple didn't release Function Keys Macbook Pro.
    This is not why, and this is not what's going to happen to Mac sales.

    A MAC is something else entirely.
    edited July 2018 JWSCbageljoeymagman1979chiaStrangeDaysRayz2016watto_cobra
  • Reply 9 of 87
    eightzeroeightzero Posts: 3,134member
    AAPL again made a metric fucktonne of money, and afterhours trading is going apeshit.

    Doomed.
    magman1979lkruppchiawatto_cobra
  • Reply 10 of 87
    SpamSandwichSpamSandwich Posts: 33,407member
    Brilliant performance. Kudos to Cook and team.

    AAPL a mere $25B from $1 trillion.
    And AAPL so far in after hours trading has peaked at $196.21... $200 is looking tantalizingly close.
    anantksundaramwatto_cobra
  • Reply 11 of 87
    anantksundaramanantksundaram Posts: 20,408member
    Brilliant performance. Kudos to Cook and team.

    AAPL a mere $25B from $1 trillion.
    And AAPL so far in after hours trading has peaked at $196.21... $200 is looking tantalizingly close.
    I think $198.90 is the magic number. Although it should be a no-brainer, it may be tough to achieve.
    SpamSandwichwatto_cobra
  • Reply 12 of 87
    rogifan_newrogifan_new Posts: 4,297member
    Tim spending the first 5 minutes or so all on services.
  • Reply 13 of 87
    mac_dogmac_dog Posts: 1,083member
    wood1208 said:
    MAC sales down in last quarter and will continue down because Apple didn't release Function Keys Macbook Pro.
    Boo-hoo. There’s always dell. 
    macxpressmagman1979lkruppwatto_cobra
  • Reply 14 of 87
    k2kwk2kw Posts: 2,077member
    wood1208 said:
    MAC sales down in last quarter and will continue down because Apple didn't release Function Keys Macbook Pro.
    This is not why, and this is not what's going to happen to Mac sales.

    A MAC is something else entirely.
    Looking at the graph the last quarter were the fewest sold in 6 years (and this is the best economy in US in 10 years) and the lowest Revenue in atleast two years.   Seems like the desperately need to get new computers out.

    Mac sales appear stagnant to slightly down last 4 years.
    entropys
  • Reply 15 of 87
    rogifan_newrogifan_new Posts: 4,297member
    Brilliant performance. Kudos to Cook and team.

    AAPL a mere $25B from $1 trillion.
    It was a great quarter no doubt but iPhone sales were essentially flat. I’m not sure how much more they can raise the price so they’re going to really have to ramp up services revenue even more,
    baconstang
  • Reply 16 of 87
    anantksundaramanantksundaram Posts: 20,408member
    k2kw said:
    wood1208 said:
    MAC sales down in last quarter and will continue down because Apple didn't release Function Keys Macbook Pro.
    This is not why, and this is not what's going to happen to Mac sales.

    A MAC is something else entirely.
    Looking at the graph the last quarter were the fewest sold in 6 years (and this is the best economy in US in 10 years) and the lowest Revenue in atleast two years.   Seems like the desperately need to get new computers out.

    Mac sales appear stagnant to slightly down last 4 years.
    You might consider taking a look at the market for computers in general...
    macxpressmike1watto_cobraStrangeDays
  • Reply 17 of 87
    macxpressmacxpress Posts: 5,918member
    wood1208 said:
    MAC sales down in last quarter and will continue down because Apple didn't release Function Keys Macbook Pro.
    First of all its, Mac, NOT MAC. Thats a huge pet peeve of mine. It just shows someone's ignorance of Apple. 

    Second of all, you have got to be fucking kidding me that sales were down because Apple didn't update the non-TouchBar MBP. Please stop making baseless stupid comments just because Apple isn't suiting what you want in a Mac at the moment. You only sound like a dipshit in the end. 
    mdriftmeyermike1gilly017Rayz2016watto_cobraStrangeDays
  • Reply 18 of 87
    rogifan_newrogifan_new Posts: 4,297member
    Apple Watch clearly doing very well. 
    Soli
  • Reply 19 of 87
    macxpressmacxpress Posts: 5,918member
    k2kw said:
    wood1208 said:
    MAC sales down in last quarter and will continue down because Apple didn't release Function Keys Macbook Pro.
    This is not why, and this is not what's going to happen to Mac sales.

    A MAC is something else entirely.
    Looking at the graph the last quarter were the fewest sold in 6 years (and this is the best economy in US in 10 years) and the lowest Revenue in atleast two years.   Seems like the desperately need to get new computers out.

    Mac sales appear stagnant to slightly down last 4 years.
    And what will be your excuse when it doesn't raise Mac sales YoY? Now will it be, if Apple would have just done XYZ then they would have sold more. 
    watto_cobra
  • Reply 20 of 87
    SpamSandwichSpamSandwich Posts: 33,407member
    Look at that after hours!


    watto_cobra
Sign In or Register to comment.