(Apple) iPhone giant Apple Inc. reported a record 36% year over year jump in sales in the third quarter to $81.41 billion. The sales were more than expected $73.30 billion.
Apple’s earnings per share were $1.30, more than estimated $1.01.
iPhone revenues came at $39.57 billion, up 49.78%, and more than estimated $34.01 billion.
Services revenue was $17.48 billion, up 33% year over year and more than projected $16.33 billion.
The iPhone giant generated $8.24 billion mac revenue, up 16% year over year.
iPad revenue came at $7.37 billion, up 12% year over year, surpassing expected $7.15 billion.
Overall, Apple generated a gross margin of 43.3%, surpassing an expected 41.9%.
In America, Apple sales rose almost 33% year over year to $39.57 billion while the Greater China region delivered a 58% jump in sales to $14.76 billion.
Apple returned almost $29 billion to its shareholders and declared a cash dividend of $0.22 per share of common stock payable on August 12.
Apple reported that ongoing chip shortages impacted its Mac and iPad sales, with constraints expected to jump into the next quarter.
AAPL: NASDAQ is down -1.09%
