AAPL reports stronger-than-expected Q3 earnings, surpassing EPS and revenue estimates while setting June quarter records.
Apple reported Q3 earnings per share of $2.02, topping estimates of $1.89, as revenue reached $109.42 billion against expectations of $108.85 billion. The company set June quarter records for both EPS and operating cash flow.
Product revenue totaled $78.68 billion, slightly above the $77.25 billion estimate, while services revenue came in at $30.74 billion, just below the $31.36 billion forecast. iPhone revenue hit $54.25 billion, exceeding the $53.60 billion estimate, though Mac and iPad revenues diverged from expectations.
The company declared a quarterly cash dividend of $0.27 per share, maintaining its shareholder return policy amid strong financial performance.