Strong growth in iPhone sales drives sales and profits Apple | Financial

Apple’s third quarter revenue came in at $81.41 billion from $59.7 billion a year earlier. It was previously expected that sales would amount to $72.9 billion.

Profitability at the smartphone maker also rose sharply with earnings per share of $1.30 in the period from March to June. A year earlier, earnings per share of $0.65 were still below the line. On average, earnings per share of $1.01 were forecast.

Especially the very good performance of the iPhones contributed strongly to the better than expected results. Sales rose sharply to $39.7 billion, compared to $34.5 billion expected.

Furthermore, Apple had little trouble with chip shortages. The company had estimated in advance that those deficits would result in lost revenues from $3 billion to $4 billion. That was less than $3 billion dollars, according to the company. However, sales of iPad tablets and Mac computers could have grown faster than the nearly 12% and more than 16% year-on-year that now went into the books.

Investors reacted lukewarm to Apple’s results in after-hours trading. The stock rose fractionally.

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