Tim Cook signs off with Apple’s best ever June quarter, as India drives momentum

Apple reported June quarter revenue of $109.4 billion, a 16% year-on-year increase, its highest ever for that quarter.

Tim Cook, in his final earnings call as CEO, noted record revenue in every geographic segment including India, China mainland, and Western Europe.

iPhone net sales rose to $54.2 billion from $44.58 billion a year earlier, while Mac sales grew to $10.35 billion, up 29% year-over-year.

Apple's gross profit margin reached 50%, with services contributing $30.73 billion in revenue.

iPad sales declined to $6.19 billion from $6.58 billion, the only product category to drop.