Today, Apple announced quarterly earnings for the third quarter in its 2014 fiscal year. Back in April, the Cupertino-based company predicted revenue between $36 billion and $38 billion for Q3, about $8 billion less than its revenue for Q2. The company hit the middle of that range, reporting $37.4 billion in revenue. That amounted to a net profit of $7.7 billion (or $1.28 per diluted share) for the quarter.
Apple CEO Tim Cook said the company’s record June quarter revenue was driven in part by strong sales for the iPhone. The company shipped a total of 35.2 million iPhones for the quarter, a substantial increase over the 31.2 million iPhones sold in the same period last year. (more…)