The revenue represented a rise of 17% on the corresponding quarter a year ago, being driven by higher prices for the iPhone and sales from its App Store, Apple Music and iCloud services.
iPhone sales rose by 14.4% in what is normally its slowest sales period, netting US$29.9 billion even though shipments rose only by 1% to 41.3 million.
Services revenue was a record US$9.55 billion, a 31% increase from the corresponding quarter a year ago. The total revenue of US$53.3 billion beat the estimates made by Wall Street analysts and was near the high end of Apple's own forecasts.
“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Apple chief executive Tim Cook.
“Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.”
Apple chief financial officer Luca Maestri said: “Our strong business performance drove revenue growth in each of our geographic segments, net income of US$11.5 billion, and operating cash flow of US$14.5 billion.
“We returned almost US$25 billion to investors through our capital return program during the quarter, including US$20 billion in share repurchases.”
The company provided the following guidance for the final quarter of the fiscal (July to September):
- revenue between US$60 billion and US$62 billion;
- gross margin between 38% and 38.5%;
- operating expenses between US$7.95 billion and US$8.05 billion;
- other income/(expense) of US$300 million; and
- tax rate of approximately 15% before discrete items.