Last Updated on May 11, 2017 by Mathew Diekhake
Nothing quite makes us feel as poor as when Apple shows the world their earnings. For the Q3 of this year, Apple has nearly netted in $7 billion in profits alone. In their defense, they have come out and said that was slightly better than what they were expecting. On top of that, it also managed to come in ahead of Wall Streets estimates on the Cupertino company.
The iPhone has now been around for nearly 7 years and in that time there has been no June sales, which have sold more than the current one just gone. That could say lots about consumers and the economic improvements in general, even though many are still struggling and aware of conscious times ahead.
What the Apple CEO Tim Cook had to say about it:
“We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services. We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”“We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases,”
Broken all down into a graph thanks to Tech Crunch:
Take a good look, because with all that said and done, this may well be the last time we get a proper reading at figures like this again. There’s a good chance the iPhone as we know it won’t ever eclipse this mark for the foreseeable future. Why you ask? Because of the new range of budget iPhone’s, as well as other mysterious iPhone heading our way later on this year. That will, unfortunately, slowly but surely, break up the iPhone earnings across the three platforms, thus making a true estimate nearly impossible to tell in the future.
That’s one way of looking at it anyway. The other way is that if you add them all together, it should obviously be another record-breaking year ahead in the Apple outlook.