Apple announced its financial results for the Q3 of 2017, which reported a 7% revenue growth to $45.4 billion from $42.4 billion a year earlier, as well as an increase in iPhone sales. The total number of units sold by Apple's smartphones for the past ten years since iPhone launch has passed 1.2 billion now.
For the past three months, Apple has sold 41 million units of its smartphones, a slight increase from 40.4 million a year earlier.
During this period, the total number of iPhones sold has shifted to 1.2 billion; earlier Tim Cook had reported 1 billion sales a year ago so in the last 12 months the figure has jumped by as much as 200 million.
"With revenue up 7 percent year-over-year, we're happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue," said Tim Cook, Apple's CEO. "We hosted an incredibly successful Worldwide Developers Conference in June, and we're very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall."
"We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share," said Luca Maestri, Apple's CFO. "We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion."
Regardless of the positive results now, all attention is focused on Apple's financial statement for the next quarter, which we are looking forward into escorting the launch of the new iPhone models, including the iPhone 8. For this quarter Tim Cook predicts revenue between $49 billion and $52 billion.