iPhone sales fuel Apple's Wall Street-beating Q3 ' TechCrunch

Apple posted an impressive quarter with $81.4 billion in revenues. This is a 36% increase in revenue year-over-year, surpassing Wall Street estimates at $73.3 billion.In a press release, CFO Luca Maestri stated that June quarter's record operating performance included new revenue records for each of our geographical segments, double-digit growth across all of our product categories and a new high for our active device base. Our operating cash flow was $21 billion, we returned almost $29 billion to shareholders, and we continued to make substantial investments in our business to support long-term growth.There were some strong figures here for the company, but it was iPhone subscription services and iPhone sales that led the way. This is a familiar story to anyone who has followed the company for several quarters.Apple's long-awaited push for 5G linewide continued to be a success. iPhone sales rose to $26 billion to $39.5 million, and services rose to $13.1 billion to $17.5. Apple continues to expand its services offerings. These include Music, TV+ Music, Arcade and News+. Apple clearly sees subscriptions as the future of its revenue model.The company's third quarter saw a strong performance in Greater China. The region saw a record $14.76 billion in sales, which is more than half the amount achieved last year. In the Americas, sales rose from $ 27 to $35.89.Tim Cook, CEO of the company, made mention of pandemic-related issues in the earnings report. This highlighted the company's wider societal focus.Our teams continued to build on their period of unparalleled innovation, sharing new products with users. This is a time when technology can connect people all over the world, stated Tim Cook, Apple's CEO. We are continuing to push forward in our efforts to infuse every product we create with the values that make us unique. This includes inspiring a new generation to learn code and moving closer to our 2030 environmental goal.Due to uncertainty during the pandemic, Maestri declined to provide guidance. Maestri stated that the company would not provide guidance to investors in a follow-up call. This was due to uncertainties during the pandemic.