It also reported earnings per share of $2.34, beating analyst expectations of $2.18.
That said, the average selling price of iPhones jumped in the quarter as buyers opted for top-of-the-line X and 8 models, according to Apple. Analysts were expecting the company to sell 41.6 million handsets in the prior three months.
"Apple is no longer a one-trick pony", said Daniel Morgan, a portfolio manager with Synovus Trust Company, citing higher iPhone prices, a growing cash hoard, and increased services revenue. Cook said that the more expensive iPhone X was once again the most popular iPhone model this quarter.
Apple beat top- and bottom-line expectations in its latest quarter, sending shares to an all-time high in after-hours trading - and bringing the company ever closer to the elusive $1 trillion market cap.
Apple is ever-so-close to becoming the first USA company worth more than $1 trillion: The company closed in on the magic number Tuesday in after-hours trading after posting better-than-expected results for its fiscal third quarter, which ended June 30. The company expects to see iPhone sales from July through September rise by 14% to 18% which would indicate sales between $60 billion and $62 billion for its most important product. It's also working on an upgraded Pro model with iPhone X features like Face ID, which could increase sales of the device.
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Gates has since pleaded guilty and agreed to help prosecutors with their case, as one of the government's star witnesses. Manafort has pleaded not guilty to 18 counts of bank fraud, tax fraud and failing to report foreign bank accounts.
What's next for the 4 million stripped of citizenship in India?
The state is still holding the central forces and they plan to continue that until the entire process is not completed. We are trying to tell them they might have missed out because of some reasons such as unsubstantiated documents.
Geraldo: Former 'Consigliere' Cohen Could Represent a 'Significant Legal Threat' to Trump
Trump personal lawyer Rudy Giuliani called Cohen a liar on Thursday night after the CNN report on the Trump Tower meeting. He even retained Bill and Crooked Hillary's lawyer. "If they rely on him ... it would destroy whatever case they have".
Revenue rose 17 per cent to Dollars 53.27 billion, also exceeding Street forecasts for USD 52.37 billion.
The Cupertino, California-based technology giant is expected to announce fiscal third-quarter revenue of $52.3 billion, according to analyst estimates compiled by Bloomberg.
The iPhone maker's market capitalisation is just under $950 billion USA dollars, meaning it would need stock prices to rise around 7% to pass the trillion-dollar mark. Tim Cook spent an unusual amount of time focused on Apple's services division during the Q3 earnings call, and for good reason. Of course, the iPhone still pulled down almost $30 billion in total revenue, but Services has rapidly grown from a minor segment of Apple's business to a major component. But with Apple reaping the benefits of higher-priced iPhones - the average selling price of Apple's phones was $724 during the just-completed quarter - it's hard to argue with the company's strategy.
Some of the more bullish Apple analysts believed Apple might report $9.2 billion in services revenue for the June quarter.
Apple, meanwhile, has focused more on services such as the App Store and its entertainment businesses as growth drivers.