Company’s active devices reach all-time high in every geographic segment, product category, CFO says
Apple set a new quarterly revenue record, the US-based global tech firm said in its financial results statement released Thursday.
Its revenue, or total net sales, rose to almost $83 billion for the three months ending June 25, which Apple refers to as the third quarter of a fiscal year.
This posted a 2% increase from $81.4 billion in the same period a year ago.
“This quarter’s record results speak to Apple’s constant efforts to innovate, to advance new possibilities, and to enrich the lives of our customers,” CEO Tim Cook said in a statement.
CFO Luca Maestri said the company’s installed base of active devices reached an all-time high in every geographic segment and product category.
Apple’s net income, on the other hand, fell 10.6% to $19.4 billion, from $21.7 billion, during that period.
The company generated $40.6 billion from iPhone sales and $19.6 billion from services, both posting year-on-year increases.
However, its Mac sales at $7.4 billion,iPad sales at $7.2 billion and sales of wearables, home and accessories at almost $8.1 billion posted declines from the same period of last year.
With positive results, Apple’s stock price was up 2.4% in pre-market on the Nasdaq at 8.19 a.m. EDT on Friday.