Gadgets, services propel Apple in Q3

Cupertino, Calif. – Sales of gadgets such as iPhone, iMac and the new Apple Watch, as well as services, helped propel Apple’s strong performance during the third quarter of fiscal 2015. Net income soared 39% to $10.7 billion from $7.7 billion the same quarter the prior year, aided by costs and taxes that did not increase as fast as sales.



Revenue increased 33% to $49.6 billion, from $37.4 billion.



“We had an amazing quarter, with iPhone revenue up 59% from last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook, Apple’s CEO. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.”



Looking ahead to the fourth quarter, Apple expects revenue between $49 billion and $51 billion.