Business InsiderSteven Tweedie
New CEO John Ternus delivers an Apple earnings beat — but China and iPad sales miss
The Apple executive with buzz for being a "product guy" oversaw his first earnings report as CEO on Monday.
"It's a privilege to be with you for the first time as Apple CEO," Ternus said on a call with analyst following the results. "This is an amazing time at Apple. We just completed one of the most prolific launch periods in our history. It's been a remarkable time for innovation across all of our categories," he added.
Revenue for the third quarter — Apple's fiscal fourth quarter — was $114.5 billion, surpassing Wall Street's estimates of $113.46 billion.
Earnings per share came in at $2.10, topping analysts' estimates of $2.
Spoiler alert: Apple continues to sell a ton of iPhones.
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