Apple revenue grows 7% in Q3: 6 things to know

Apple released its earnings results Tuesday for the third quarter, which ended July 1, posting a 7 percent growth in revenue. 

Advertisement

Here are six things to know.

1. The company reported $45.4 billion in quarterly revenue, up from $42.4 billion in the third quarter of 2016.

2. Apple’s earnings per diluted share were $1.67, compared to $1.42 one year prior.

3. The company posted $8.7 billion in third quarter net income, an increase from $7.8 billion one year prior.

4. Apple reported the largest portion of its revenue — $20.4 billion — was driven by the Americas operating segment, which increased 13 percent year-over-year.

5. The iPhone was Apple’s best-selling product, posting 41 million units sold, representing $24.8 billion in revenue.

6. Apple’s services revenue hit an all-time quarterly high with$7.3 billion in revenue, representing a growth of 22 percent year-over-year.

More articles on health IT: 

5 health IT advocacy groups respond to ONC interoperability framework

Cost, speed & security — How Cardinal Innovations used VDI, cloud technology to cut IT costs

Bermuda Hospitals Board taps Spok for clinical communication

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

The hidden cost of lost clinical time and how leading health systems are responding

Friday, August 7
12:00 PM - 1:00 PM CDT

Presenters: Kassaundra McKnight-Young, Zebra TechnologiesGregory Carras, Zebra TechnologiesJennifer Gene, Levata

Advertisement

Next Up in Health IT

Advertisement

Comments are closed.