Apple reports profits of $ 8.72 billion and revenues of $ 45.4 billion for Q3 2017

Apple today announced financial results for its fiscal 2017 third quarter ended July 1, 2017. Apple posted quarterly revenue of $45.4 billion and quarterly earnings per diluted share of $1.67. To break down the numbers, The company sold 41 million iPhones, 11.4 million iPads, and 4.29 million Macs.

These results compare to revenue of $42.4 billion and earnings per diluted share of $1.42 in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue. The big news this time around is the sudden surge of iPad sales with an increase of 15 per cent year over year. A spike for a product that's long been spiraling in terms of sales. The reason for this could be the availability of a cheaper base mode iPad as well as exciting updates to the premium iPad Pro line as well as operating system changes coming to iOS 11, which put the iPad Pro on par with notebook computers.

“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”