Apple posts Q3 earnings as revenue hits $85.8 billion

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Apple today posted its earnings report for the recent June quarter. When all was said and done, the company posted $85.8 billion in revenue and …

Apple today posted its earnings report for the recent June quarter. When all was said and done, the company posted $85.8 billion in revenue and EPS of $1.40. As a point of comparison, Apple during the same quarter last year posted revenue of $81.8 billion, $19.9 billion in profits, and earnings of $1.26 per share. Of course, everything with respect to earnings centers on expectations. To this end, analysts ahead of Apple's earnings report were anticipating revenue to fall around $84.

We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work. Apple CFO Luca Maestri, meanwhile, added that Apple's number of active devices 'reached a new all-time high in all geographic segments.' As is typically the case, a huge chunk of Apple's earnings come from iPhone sales.

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