**Apple 3Q Revenue Meets Estimates**By Bloomberg Automation(Bloomberg) -- Apple reported revenue for the third quarter that met the average analyst estimate.
THIRD QUARTER RESULTS
Revenue $109.42 billion, +16% y/y, estimate $108.85 billion (Bloomberg Consensus)
Products revenue $78.68 billion, +18% y/y, estimate $77.25 billion
IPhone revenue $54.25 billion, +22% y/y, estimate $53.6 billion
Mac revenue $10.35 billion, +29% y/y, estimate $8.62 billion
IPad revenue $6.19 billion, -5.9% y/y, estimate $6.89 billion
Wearables, home and accessories $7.88 billion, +6.5% y/y, estimate $7.87 billion
Services revenue $30.74 billion, +12% y/y, estimate $31.36 billion
Greater China rev. $18.82 billion, +22% y/y, estimate $19.58 billion
Americas rev. $45.78 billion, +11% y/y, estimate $45.42 billion
Europe revenue $29.40 billion, +22% y/y, estimate $27.58 billion
Japan revenue $6.55 billion, +13% y/y, estimate $7.49 billion
Rest of Asia Pacific revenue $8.87 billion, +16% y/y, estimate $8.71 billion
EPS $2.02 vs. $1.57 y/y, estimate $1.89
Total operating expenses $19.08 billion, +23% y/y, estimate $18.96 billion
Research and development operating expenses $11.73 billion, +32% y/y, estimate $11.57 billion
SG&A operating expense $7.35 billion, +10% y/y, estimate $7.38 billion
Gross margin $54.77 billion, +25% y/y, estimate $52.13 billion
Cash and cash equivalents $39.54 billion, +9% y/y, estimate $53.15 billion
Cost of sales $54.65 billion, +8.6% y/y, estimate $56.45 billion
Total current assets $149.82 billion, +22% y/y, estimate $153.38 billion
Total current liabilities $149.33 billion, +5.8% y/y, estimate $138.32 billion
NOTEFor Bloomberg Consensus estimates used in this story see:AAPL Equity MODL
