In stark contrast to the financial pressure felt by its FAANG rivals their latest quarterly results, CE giant Apple has reported its best-ever third quarter results driven by continued strong sales of the iPhone, services and wearables.

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Apple CEO Tim Cook commenting on Apple's Q3 results. “Our 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.”
Looking towards the prospects for the final quarter of the year, Apple provided Q4 guidance predicting revenue between $60–62 billion; gross margin between 38–38.5%; operating expenses between $7.95–$8.05 billion.