Apple has just released its financial results for its fiscal 2017 third quarter ended 1 July 2017, and it looks like the company has been doing pretty well, especially for iPad sales. Sales for iPad in this quarter has grown about 15% year-on-year, the first year-on-year growth since 2013.
In Q3, 2017, Apple sold a total of 11.42 million units of iPad, an impressive number compared to 8.9 million units the last quarter, and 9.95 million units in the same quarter last year; that is an increase of 28% and 15% respectively. While the number isn’t as impressive as its Q1 2017 financial report, which sold 13 million iPad, this is the best non-holiday quarter sales for the iPad. Earlier this year, Apple launched a new affordable 9.7” iPad starting from RM1,549, which probably helped contribute to the sales.
As for the iPhone, things isn’t going as well as the iPad. Apple sold about 41 million units of iPhone in Q3 2017, down by 19% compared to the last quarter. This isn’t a big surprise though, Apple is expected to announce new iPhone next month, including a 10th anniversary iPhone. Apple sold about 40.4 million units of iPhone in 3Q 2016.
Sales for Mac has been a bit flat as well. Apple sold about 4.3 million Mac, a slight increase of 2% compared to last quarter, and an increase of 1% compared to the same quarter last year. As for the sales of other Apple products such as Apple TV, Apple Watch, Beats products, iPod and other Apple-branded accessories, which are all grouped into “Other Products”, Apple reported revenue of US$2.74 billion, a slight decline of 5% compared to last quarter, but an increase of 23% year on year.
Finally, Apple’s Q3 2017 financial report sets an all-time quarterly record for services revenue at US$7.27 billion. That is an increase of 3% compared to Q2 2017, and an increase of 22% year-on-year. Overall, Apple posted a quarterly revenue of US$45.4 billion, compared to a revenue of US$42.4 in the same quarter last year.
“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. 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.” – Tim Cook, CEO of Apple.
Check out Apple for its full financial report for Q3 2017.