Apple Reports $50 Billion in Revenue for Third Quarter

Apple has reported its financial results for the third quarter of its fiscal year. The company posted a quarterly revenue of $49.6 billion USD and its net profit for the same period came in at $10.7 billion.

The company credits its success on record Q3 sales of iPhone and Mac and all-time record revenue from "services," which include its App Store. Revenue for iPhone alone was up 59% over the same period last year.

The Apple Watch was mentioned only as a "successful launch" in helping...

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