Apple smashes another fiscal record, reaches 17% increase in revenue

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Apple announced its financial results for the third fiscal quarter between April and June. Cupertino amassed $53.3 billion of revenue, 17% more than the same period last year, Tim Cook announced in a press release. This is "the best June quarter ever and our fourth consecutive quarter of double-digit revenue growth," he added. All four geographic regions posted revenue growth YoY, even if international sales were 60%, while the other 40% came from the domestic US market. This is good news for shareholders which saw a 40% increase in their earnings up to $2.34 per...

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