Apple has today reported its Q3 2016 earnings, and the results include $42.4 billion in revenue and $7.8 billion in profit from the quarter covering April to June 2016.
While the raw dollar amounts are always great for headlines and give Wall Street plenty to chew on for the coming quarter, it’s the number of devices that are sold that provides the best indication to us non-financial types of just how well Apple, or any company for that matter, is performing.
On that note, Q3 2016 say Apple selling 40.4 million iPhones, 9.95 million iPads, 4.25 million Macs and making $42.4 billion in revenue. For those looking for trends, the same quarter in 2015 yielded Apple selling 47.5 million iPhones, 10.9 million iPads, 4.8 million Macs and making $49.6 billion in revenue. So yes, going by that, Apple’s results are significantly down compared to same time last year.
International sales made up 63% of Apple’s revenue during the quarter, the company said in its quarterly earnings statement.
“We are pleased to report third quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” said Tim Cook, Apple’s CEO. “We had a very successful launch of iPhone SE and we’re thrilled by customers’ and developers’ response to software and services we previewed at WWDC in June.”
These days Apple is keen to make sure everyone knows how its services are doing, and with a 19% increase in usage and the App Store’s biggest ever quarter, someone inside Apple will be very pleased with themselves this evening.
“Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record,” said Luca Maestri, Apple’s CFO.
Moving forward, Apple is predicting revenue between $45.5 billion and $47.5 billion for the fourth quarter of fiscal 2016. There will be plenty of poring over this quarter’s results to be done before then though, so expect a healthy round of “Apple is doomed” rhetoric soon enough. It was all likely written yesterday, regardless of the outcome of today’s earnings results anyway.