It also reported earnings per share of $2.34, beating analyst expectations of $2.18.
Shares in the Silicon Valley-based technology titan rose 3.96 per cent to US$197.83 in after-hours trade that followed release of the earnings figures, putting its market capitalisation at US$956 billion.
Apple sold 11.5 million units of iPad during the quarter, a 5 percent year-over-year decline in revenue totalling $4.7 billion. Interestingly, there were no specific statements about the Indian market, where Apple has not had a great quarter as per local analysts, except for the comment in the earnings call that it was one of the markets were the Mac had shown double digit growth.
Revenue reached $53.3 billion, an increase of 17% from a year ago and exceeding Wall Street's projections of $52.34 billion. No one seems to care about that, because the average selling price of the iPhone rose significantly (all thanks to the iPhone X), so the money-printing machine is still roaring ahead as usual.
In the earnings call, Cook said the growth of the iPhone across many markets has been higher than that of the smartphone industry itself.
The company generated $53.3 billion in revenue during the quarter ending June 30, compared to $45.4 billion during the same quarter a year ago.
Apple's services business, which includes iTunes, Apple Music and iCloud among others, has been growing for years and could become the company's main revenue generator as iPhone sales plateau.
For the current quarter ending in September, Apple said it expects revenue of Dollars 60 billion to USD 62 billion. We should see a 5.8-inch iPhone X sequel and a 6.5-inch iPhone X Plus, both with OLED panels.
Mr Maestri said the company's so-called "wearables" business - which includes the Apple Watch and its AirPods headphones, among other items - has generated $US10 billion in sales in the past 10 quarters and saw sales increase 60 per cent in the most recent quarter.
Apple's numbers also show that it's dependence on the USA market as well as the on iPhone lineup is coming down.
The company said it expected gross margins of 38 to 38.5 per cent in the fourth quarter, compared with analyst expectations of 38.3 per cent, according to Thomson Reuters data.
The company sold 41.3 million iPhones in its third quarter, generating revenue of US$29.9 billion.
All those iPhone sales help Apple in another way - services like Apple Music, the App Store and elsewhere are booming.
Cook told analysts that Apple is on track to meet a goal of doubling Services revenue by 2020. Revenue from services grew 31 percent during the June quarter to $9.5 billion.