Apple posts record Jun qtr revenue of $109.4B

iPhone sales during the reported quarter increased by 21.7% to $54.25 billion from $44.58 billion a year ago. Mac sales grew 28.66% to $10.35 billion from around $8 billion.

Apple said sales for its fiscal ​third quarter ended June 27 were up 16.4% to $109.42 billion, compared with analyst estimates of a 15.5% rise to $108.65 billion, ​according to LSEG data, and Apple's own forecast of 14% to 17% sales growth.