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Apple (AAPL) generated $109.4 billion in revenue for the fiscal third quarter ended June 27, a figure that exceeds the $108.2 billion the company booked for all of fiscal 2011.
Tim Cook, who retired from the CEO role to become executive chair, conducted his final earnings call on July 30 to discuss these results, marking a significant shift in the company's leadership to John Ternus.
The quarterly revenue represents a 16% year-over-year increase, driven largely by the iPhone. Sales of the device, which account for approximately half of the company's total revenue, grew 22% to reach $54.3 billion.
In contrast, the services segment, comprising advertising, support, the App Store, and payment services, grew 12% and now constitutes 28% of total sales.
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