Apple’s net profit in the third quarter of fiscal year increased by 12%

© AP Photo / Mark LennihanЛоготип Apple over the entrance to the building in new York, USA. Archival photoApple’s net profit in the third quarter of fiscal year increased by 12%© AP Photo / Mark Lennihan

The net profit of Apple in the third quarter of the 2016-2017 fiscal year ended July 1, increased by 12% to 8,717 billion dollars, said the report.

«With revenues higher by 7% year on year, we are pleased to announce the third semester of economic growth in a row and all-time quarterly record income from (implementation) of services,» said Apple CEO Tim cook.

The company’s revenue for the reporting period increased by 7 percent to 45,408 billion compared to the previous year.

The American Corporation Apple was founded in 1976 by Steve jobs, Steve Wozniak and Ronald Wayne. The headquarters of the company is located in Cupertino, California. Apple is engaged in the production of personal and tablet computers, audioplayers, phones, smartwatches and software.

Source