Apple just released its earnings report for the company’s June quarter and, per usual, Apple surpassed analyst expectations, albeit slightly. For the quarter gone by, Apple posted a net profit of $10.7 billion on revenue of $49.6 billion. Earnings per share, meanwhile, checked in at $1.85.
In the build-up to Apple’s earnings report, analysts were anticipating revenue of $49.5 billion and EPS of $1.81.
By way of contrast, Apple during the same quarter a year-ago posted profits of $7.7 billion on the back of $37.4 billion in revenue. Meanwhile, Apple’s EPS a year ago checked in at $1.28.