Apple
- Apple's iPad revenue was up 24% year-over-year, according to its latest earnings report.
- Apple execs said the growth was driven by the new iPad lineup launched in May.
- The iPad saw a jump in revenue even as revenue from other products was largely flat.
Apple's iPad is having a moment.
The company beat both Wall Street's earnings and revenue expectations. In its Q3 earnings report released on Thursday, Apple reported total quarterly revenue of $85.8 billion, up 5% from the same quarter last year. Profits were up 8% year over year at $21.45 billion.
While revenue from services saw a year-over-year increase, revenue from products like the iPhone and its wearables was largely flat — with the exception of the iPad.