The tech giant booked fiscal third-quarter net income of $19.88 billion, or $1.26 a share, compared with $19.44 billion, or $1.20 a share, in the year-prior period. Apple AAPL beat the FactSet consensus, which was for $1.20 in earnings per share.The tech giant booked fiscal third-quarter net income of $19.88 billion, or $1.26 a share, compared with $19.44 billion, or $1.20 a share, in the year-prior period. Apple AAPL beat the FactSet consensus, which was for $1.20 in earnings per share.
Executives didn’t give guidance in the earnings release, as has been the case since the start of the pandemic. However, they tend to share some expectations for the current quarter’s relative performance on the earnings call. Apple recorded $5.79 billion in iPad revenue, down from $7.22 billion a year before and below the FactSet consensus, which called for $6.44 billion. Mac revenue came in at $6.8 billion, down from $7.38 billion a year earlier but ahead of the consensus view: Analysts were modeling $6.26 billion in Mac revenue.
The company saw $8.28 billion in revenue within its wearables, home and accessories business. That compared with a year-before total of $8.08 billion. The FactSet consensus was for $8.31 billion. Services revenue increased to $21.21 billion from $19.60 billion, while analysts were projecting $20.73 billion.The company disclosed $15.76 billion in revenue from Greater China, whereas the FactSet consensus was for $13.62 billion in sales there. A year ago, Apple logged $14.60 billion in revenue in the region.
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