Live blog: Apple’s fiscal year Q3 2016 earnings call

Just minutes ago, Apple released its official Q3 2016 earnings and as usual, the earnings release will be followed by a live conference call. Typically, Apple CEO Tim Cook and CFO Luca Maestri give a deeper look into the results, while questions will also be taken from analysts and investors.

In case you missed it, Apple reported $42.4 billion in revenue and $7.8 billion in operating profit. Contributing to those results were sales of  40.3 million iPhones, 9.9 million iPads, and 4.2 million Macs. As usual, Apple did not break out sales of the Apple Watch, which it says is for competitive reasons.

As usual, we’ll have live coverage of Apple’s earnings call in this post. The call will begin at 2PM ET/5PM PT. Tim Cook will likely speak first, followed by Maestri. The Q&A session will round out the call.

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Filed under: Apple

Apple announces Q3 2016 revenue of $42.4b: 40.4m iPhones, 9.9m iPads, 4.2m Macs

Apple has officially reported its Q3 2016 earnings results with $42.4 billion in revenue and $7.8 billion in profit from the April to June quarter.

Apple® today announced financial results for its fiscal 2016 third quarter ended June 25, 2016. The Company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, or $1.42 per diluted share. These results compare to revenue of $49.6 billion and net income of $10.7 billion, or $1.85 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 39.7 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

Here’s Apple’s breakdown of iPhone, iPad, and Mac sales from the quarter:

iPhone: 40.4 million units
iPad: 9.9 million units
Mac: 4.2 million units

Apple CEO Tim Cook:

“We are pleased to report third quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” said Tim Cook, Apple’s CEO. “We had a very successful launch of iPhone SE and we’re thrilled by customers’ and developers’ response to software and services we previewed at WWDC in June.”

And Apple CFO Luca Maestri:

“Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record,” said Luca Maestri, Apple’s CFO. “We returned over $13 billion to investors through share repurchases and dividends, and we have now completed almost $177 billion of our $250 billion capital return program.”

Apple’s Q3 results compare to the prior quarter’s $50.6 billion in revenue, 51.1 million iPhone sales, 10.2 million iPad sales, and 4 million Mac sales. In the same quarter a year ago, Apple reported $49 billion in revenue, 47 million iPhones sold, 10.9 million iPads sold, and 4.7 million Macs sold. Apple reported $10.5 billion in profit in the prior quarter and $10.7 billion in profit in the year ago quarter.

Read on for Apple’s full Q3 earnings report, and stay tuned as we await Apple’s quarterly conference call at 2 p.m. PT/ 5 p.m. ET to discuss these results. Tim Cook and Luca Maestri are expected to deliver prepared commentary on the earnings results then field questions from analysts participating on the call.

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Filed under: Apple

9to5Toys Lunch Break: 15″ Retina MacBook Pro $1,600, Bose SoundTrue headphones $100, JBL Charge 2 Speaker $60, more

Keep up with the best gear and deals on the web by signing up for the 9to5Toys Newsletter. Also, be sure to check us out on: TwitterRSS FeedFacebookGoogle+ and Safari push notifications.

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Save 20% on two of Apple’s MacBooks: 15-inch Retina Pro $1,600 or 13-inch Air $800

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Bose SoundTrue around-ear headphones II for Apple devices in Charcoal or Blue are under $100 at Amazon

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JBL Charge 2 Bluetooth Speaker w/ USB Charger (Refurb) $60 shipped (Orig. $150), more

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App Store Free App of the Week: Super Arc Light minimal shooter goes free for the first time (Reg. $2)

The original Angry Birds game for iOS gets updated with new content and goes free for the first time in years (Reg. up to $3)

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How-To: Quickly (and safely!) clean your HDTV using only a few basic items

The Best New Games on the App Store: LEGO Star Wars, Heroes of Loot 2, Perchang, Stickman Golf and more

How-to build the perfect Pokémon Go Machine: accessories, tips and more

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This Samsung 40-inch 4K Smart Ultra HDTV is perfect for your bedroom at $430 shipped (Reg. $550)

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You can add a third-party Milanese Loop band to your Apple Watch for as little as $6 Prime shipped

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Green Deals: AirPatrol Smart Air Conditioner Controller with Smartphone Control $144 (Reg. $170), more

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T-Mobile now lets subscribers stream unlimited video content from Apple Music over cellular with Binge On

Last fall T-Mobile introduced its Binge On feature that allows subscribers to watch unlimited video from select services over their network, and today the carrier has expanded Binge On to include video content from Apple Music. This means T-Mobile customers can watch music videos or other video content through Apple Music without worrying about hitting a data cap. The carrier already supported unlimited audio streaming through Apple Music through its Music Freedom program.

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Filed under: Apple