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HomeMarketApple (AAPL) experiences stronger-than-expected Q3 gross sales and earnings; iPhone gross sales...

Apple (AAPL) experiences stronger-than-expected Q3 gross sales and earnings; iPhone gross sales drop | AlphaStreet

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Apple Inc. (NASDAQ: AAPL) on Thursday reported larger income and earnings for the third quarter of 2024. The outcomes additionally topped estimates. iPhone gross sales declined modestly in Q3.

The tech behemoth reported revenues of $85.8 billion for the June quarter, in comparison with $81.8 billion in the identical interval of 2023. The newest quantity exceeded estimates. There was a 1% lower in iPhone gross sales.

iPhone quarterly revenue change

Third-quarter revenue got here in at $21.45 billion or $1.40 per share, in comparison with $19.88 billion or $1.26 per share within the year-ago interval. Earnings additionally exceeded analysts’ forecasts.

Prior Efficiency

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