Apple reports $53.3B revenue record for fiscal 3Q on strength of services segment
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.