Apple announced its FY17 Q3 result with consolidated revenue of $45.4 billion and quarterly earnings per diluted share of $1.67. The revenues increased by 7% on a yearly basis with 17% growth in earnings per share.
The majority of revenue growth came out of the “Rest of Asia Pacific” region and China saw a negative growth rate. All product segments witnessed growth with the most significant in “Services” and “Other Products” segments. These include digital content and services, Apple TV, Apple Pay, Apply Care etc.
For FY17 Q4 guidance, the company gives revenue estimate at $49-$52 billion and gross margin of 37.5-38.0%.
