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Faizel Patel, Radio Islam News – 01-08-2018<\/em><\/strong><\/p>\n \u00a0<\/p>\n Apple has announced its financial results for its fiscal 2018 third quarter ended 30 June 2018.<\/p>\n The Company posted quarterly revenue of $53.3 billion, an increase of 17 percent from the year-ago quarter.<\/p>\n International sales accounted for 60 percent of the quarter\u2019s revenue.<\/p>\n Apple sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets with subscriptions from App Store, Apple Music and iCloud services bolstering business.<\/p>\n The world\u2019s most valuable technology company also forecast revenue above expectations for the fall, when it typically launches new iPhone models, reassuring a nervous tech sector that saw sell-offs last week in Facebook, Twitter, and Netflix on concerns about their future growth.<\/p>\n CEO Tim Cook says the results reflect Apple best June quarter ever.<\/p>\n \u201cOur Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.\u201d<\/p>\n The Cupertino, California company has responded to a plateauing global smartphone market by launching ever-more expensive phones and diversifying into services, prospering even as rival Samsung Electronics missed targets for its flagship Galaxy S9 and China\u2019s Huawei Technologies took the No. 2 global smartphone sales spot.<\/p>\n \u00a0<\/p>\n