Apple has reported quarterly revenue of $53.3 billion, up 17 % over last year with a net profit of $11.5 billion, up 32.1% YoY or earnings per share of $2.34, an increase of 40% over last year in their earnings for the financial year Q3 2018 that ended June 30, 2018. During earnings call Tim Cook said that the growth was due to strong performance of iPhone, services and wearables. Continue reading “Apple reports $11.5 billion profit on $53.3 billion revenue in FY Q3 2018, 41.3 million iPhones sold”