CUPERTINO (AP) — Apple’s earnings climbed 12 percent to $8.7 billion in the company’s latest quarter amid rising demand for iPhones, iPads and Mac computers.
Revenue for the period increased 7 percent from last year to $45.4 billion.READ MORE: 'Not A Drought Buster'; Rare April Storm Front Moving Toward San Francisco Bay Area
The fiscal third-quarter results announced Tuesday exceeded analysts’ projections for the period spanning from April to July 1.READ MORE: Suspect Arrested For Allegedly Terrorizing Antioch Family, Fatally Shooting Pet Dog While Fleeing Police
Just as importantly, Apple predicted revenue for its current quarter ending in September will range from $49 billion to $52 billion. That’s better than Apple’s performance last year when its popular line of iPhone 7 phones came out.
The upbeat forecast is likely to ease concerns that production problems might delay the release of Apple’s next-generation iPhone, which typically comes out in late September. That model is expected to boast a higher-quality screen and several other new features.MORE NEWS: Drought-Stricken Marin Putting Into Place Tough Water Use Restrictions
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