'We do see inflation in our cost structure,' Cook said. Cook said the results were better than expected and CFO Luca Maestri said it was a 'challenging operating environment.'Ĭook told CNBC that the company is seeing inflation but will continue to make investments. 'In terms of an outlook in the aggregate, we expect revenue to accelerate in the September quarter despite seeing some pockets of softness,' Apple CEO Tim Cook told CNBC's Steve Kovach.Īpple's revenue rose 2% during the quarter, compared to 36% growth during the same period last year and over 8% growth in the March quarter. Analysts expected the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales. 42.61% estimatedĪpple did not provide formal guidance for the quarter. $6.94 billion estimated, down 2% year-over-year

$8.70 billion estimated, down 10% year-over-year $8.86 billion estimated, down 8% year-over-year Other Products revenue: $8.08 billion vs.$19.70 billion estimated, up 12% year-over-year

$38.33 billion estimated, up 3% year-over-year $82.81 billion estimated, up 2% year-over-year

Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:

Macdown example