Apple’s third quarter revenue beats market expectations

Apple reported the company’s financial results for its fiscal third quarter on Thursday, exceeding market expectations to return a revenue increase of 5%. 

The overall revenue figure was $85.8 billion, with quarterly earnings per diluted share standing at $1.40, up year on year by 11%. 

In the aftermath of the results, Apple shares remained flat in extended trading but modest increases were predicted for the upcoming quarter and the iPhone still stands out as the Cupertino-based tech giant’s most important business line...