Apple Crushes Q3 Earnings Expectations with Strong Services Growth

Apple's Q3 2024 earnings report showed revenue of $85.78 billion, beating estimates by 9.83%, and EPS of $1.40, which was 4.48% above expectations.

The company's Services segment led the way with a 14% year-over-year increase in revenue to $24.21 billion, while iPhone sales were flat at $39.30 billion.

iPad revenue jumped to $7.16 billion from $5.79 billion, and iPad was a bright spot on the hardware side, driven by a product refresh cycle.