Apple announced today that it made $37.43 billion in revenue during its fiscal third quarter, up more than 6 percent year-over-year. That’s on the high end of Apple’s guidance from earlier this year, but missed high analyst expectations of $38 billion in quarterly revenue.
The company also beat expectations with earnings of $1.28 per share, up more than 19.6 percent from the year-ago quarter. Analysts surveyed by Thomson Reuters had predicted earnings of $1.23 per share.
“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” Apple CEO Tim Cook said in a press release. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”
The company sold 35.3 million iPhones and 13.3 million iPads during the quarter, compared to 31.2 million iPhones and 14.6 million iPads sold in the year-ago quarter.
Wall Street watchers seem to be fairly non-plussed by the report. As of this writing, Apple’s stock is down by slightly more than half a percent in after-hours trading. However, it’s unclear just how much these results are an indicator of the company’s business going forward. Apple is expected to announce a new iPhone in September, and company executives have said repeatedly that it will enter a new product category this year. If the company’s patterns hold, Apple will also launch new iPad models in October.
There are a whole host of rumors pointing towards Apple launching a new wearable device, though it’s unclear yet exactly what form that device would take. If the iWatch is as big a success as the iPhone, the company could grow to new heights.
A summary of the company’s financial results is embedded below.
