Apple stock has been on fire this year. Where is AAPL stock going?
Apple Q3 Earnings HighlightsApple posted fiscal third-quarter revenue of $109.42 billion, beating analyst estimates of $108.65 billion. The Cupertino-based company reported earnings of $2.02 per share for the quarter, beating estimates of $1.89 per share, according to Benzinga Pro.Revenue was up 16% year-over-year, and earnings per share climbed 29% year-over-year. Americas sales totaled $45.78 billion in the quarter, Europe sales came in at $29.40 billion, Greater China sales were $18.82 billion, Japan sales came in at $6.55 billion and the rest of Asia Pacific sales totaled $8.87 billion.“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” said Tim Cook, CEO of Apple.Product revenue was $78.68 billion, up from $66.61 billion year-over-year. Services revenue totaled $30.74 billion, up from $27.42 billion year-over-year. Here’s a breakdown of product sales by category.
iPhone: $54.25 billion, versus $44.58 billion last year
Mac: $10.35 billion, versus $8.05 billion last year
iPad: $6.19 billion, versus $6.58 billion last year
