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Apple sells more iPhones and it ain't slowin' downEven the iPhone X's hefty price tag didn't stop people from buying more this year as Apple's earnings report for the third fiscal quarter of 2018 beat expectations.
[CHEERING] [APPLAUSE] Good morning. Good morning. Apple is one day closer to becoming the world's first trillion dollar company. That's because Apple turned in a Quarter Earnings Report that beat expectations in almost Every front. First of, Apple said that revenues rose by 17% to $53.3 billion compared with their third fiscal quarter last year. And even that thousands price tag on the iphone 10 didn't stop consumers from snatching up in record numbers. 41.3 million units sold. This number is slightly below analysts' forecast but still up from last year. The pricier iPhone also raises the average sales price of the iPhone, making Apple more money per unit, so there is that too. But their most notable success came from their services aka the Appstore, Apple Music and iCloud, which brought in $9.55 billion in revenues. A thinner slice of the pie, sure, than the iPhone, but it's climibing at a much higher rate of 30% year over year for the second quarter in a row. iPads had a 1.1% bump in sales, while Apple's others category, which includes products like the Apple watch and AirPods, now totals $3.7 billion in revenue. A 37% increase. Mac numbers, on the other hand, were the only bit of bad news. They dipped by 13%. And things are likely going to get even better in the current fourth quarter when Apple is rumored to unveil its three new iPhones in September.