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Apple Q3 2016 Results: $42.4 Billion Revenue, 40 Million iPhones, 10 Million iPads Sold

Apple has just published their financial results for Q3 2016, which covered the three months from April to June 2015. The company posted revenue of $42.4 billion. The company sold 10 million iPads, 40 million iPhones, and 4 million Macs, earning a quarterly net profit of $7.8 billion.

“We are pleased to report third quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” said Tim Cook, Apple’s CEO. “We had a very successful launch of iPhone SE and we’re thrilled by customers’ and developers’ response to software and services we previewed at WWDC in June.”

“Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record,” said Luca Maestri, Apple’s CFO. “We returned over $13 billion to investors through share repurchases and dividends, and we have now completed almost $177 billion of our $250 billion capital return program.”

Estimates for Q3 2016 and the Year Ago Quarter (Q3 2015)

Apple’s guidance for Q3 2016 fell between $41 billion and $43 billion, with gross margin estimated to be between 37.5% and 38%.

In the year ago quarter (Q3 2015), Apple earned $49.6 billion in revenue, and $10.7 billion in profit. During that quarter Apple sold 47.5 million iPhones, 10.9 million iPads and 4.8 million Macs.

Apple Q3 2016 in Tweets

Graphical Visualization

Below, we’ve compiled a graphical visualization of Apple’s Q4 2015 financial results.

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