Apple’s quarterly revenue was up again this quarter to $49.6 billion, up 33 percent year-over-year. Revenue was once again driven by iPhone sales, with iPhone revenue up 59 percent over last year and a total of 47.5 million smartphones sold.
The results met analysts’ expectations, which expected about $49.4 billion in revenue. Apple forecasted between $46 billion and $48 billion in revenue this past quarter. The company reported a net profit of $10.7 billion, $1.85 per diluted share.
The company didn’t disclose the number of Apple Watches sold, just as CEO Tim Cook warned on the last earnings call in March. Instead, they were rolled in with iPod, Apple TV and other device sales. That group of products earned Apple $2.6 billion in revenue, a 49 percent increase over last year’s sales, but also includes revenue from Beats sales.
Mac sales continued to defy the surrounding PC environment, growing a small 9 percent. However, iPads continued to decline with 10.9 million shipments, an 18 percent decrease from Q3 last year.
Apple closed down 1 percent today, but fell a further 7 percent in after-hours trading. Stock prices have remained steady over the last quarter, raising just over 2 points despite the introduction of the Apple Watch and an update of iPod.