Apple outperformed analyst expectations when it reported earnings for its third quarter. The company clocked in earnings per share of $2.18 compared with $2.10 estimated by Refinitiv. It brought in $53.8 billion in revenue versus $53.39 billion forecast by analysts.
“This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends,” Apple CEO Tim Cook said in a statement. “These results are promising across all our geographic segments, and we’re confident about what’s ahead. The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products.”