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Apple reported improved sales growth in its fiscal third quarter to June, with revenue up 7 percent to USD 45.41 billion, at the top of its forecast range. Growth in iPhone revenues accelerated to 3 percent to USD 24.85 billion, compared to only 1 percent annual growth in the previous quarter, according Telecompaper. Unit shipments of the iPhone reached 41.026 million, up 2 percent year-on-year compared to a 1 percent annual fall in the previous quarter. Shipments of the iPad were also up 15 percent year-on-year to 11.424 million, supported by the launch of a new, lower-priced model during the quarter, while iPad revenues rose a more modest 2 percent. 
 
Apple said it also set a new all-time record in service revenue, up 22 percent year-on-year to USD 7.27 billion. Mac sales also rose 7 percent to USD 5.592 billion on 1 percent higher shipments, and sales from other products, such as the Apple Watch and Apple TV, increased 23 percent to USD 2.74 billion. 
 
On a geographic basis, revenues were still lower in China, down 10 percent year-on-year to USD 8.00 billion. The other regions all showed revenue growth, led by by the rest of Asia excluding Japan up 15 percent, the Americas growing 13 percent and Europe up 11 percent. 
 
Apple's net earnings grew to USD 1.67 per share from USD 1.42 a year earlier, and the company maintained its quarterly dividend at 63 cents a share.
 
For fiscal Q4, Apple forecast revenues of USD 49-52 billion, up from USD 46.85 billion a year earlier. 
 

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