Here's how the company did compared with Wall Street projections:
- EPS: $2.34 vs. $2.18, according to Thomson Reuters consensus estimates
- Revenue: $53.3 billion vs. $52.34 billion, according to Thomson Reuters consensus estimates
- iPhone sales: 41.3 million vs. 41.79 million, according to StreetAccount
Shares of Apple rose 4 percent in extended trading, after the company fell right in line with analyst projections of strong upsides for the quarter that ended June 30. EPS grew by 40 percent year over year, and revenue grew by 17 percent year over year.
Many were hanging high hopes on Apple's flagship handset and its climbing average selling price (ASP). The 41.3 million iPhones shipped during the third quarter is basically flat from the year-ago period, but the ASP of $724 is a notable jump from the year-ago period. That ASP bump is likely be because of the pricey iPhone X, which starts at $999.