Tuesday
Jul312018
Apple reports $53.3B revenue record for fiscal 3Q on strength of services segment
Tuesday, July 31, 2018 at 6:05PM 
Apple just reported that its financial results for its fiscal 2018 third quarter ended June 30, 2018. Apple Inc. posted quarterly revenue of $53.3 billion, an increase of 17 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.34, up 40 percent. International sales accounted for 60 percent of the quarter’s revenue.
Apple's current market cap is $935 billion. If stock value continues to rise above 7 percent, Apple is on its way to becoming the first trillion-dollar company at a price of US $203.46 per share.
This record revenue was fueled largerly by a whopping 31 per cent increase revenue from services which encompass various Apple Store, iTunes, Apple Pay, AppleCare, licensing and other ecosystem-related plays.