Apple CEO Tim Cook at WWDC 2018. Photo: Apple

Apple not only exceeded sales and earnings estimates for the past quarter, but also sees revenue for the coming three months ahead of what many analysts were expecting.

Why it matters: Apple's guidance is particularly closely watched as an indication of what to expect from the next iPhone lineup.

"We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” Apple CEO Tim Cook said in a statement. “Our Q3 results were driven by continued strong sales of iPhone, services and wearables, and we are very excited about the products and services in our pipeline.”

Revenue from the iPhone was up 20% from a year earlier and services were up 31%, but iPad and Mac revenue both fell 5% from a year ago. Geographically, sales were up double digits in every region except Japan, where sales were up 7%.

Shares rose slightly in after-hours trading, changing hands recently at $190.89, up $4.72 or about 2.5%.

By the numbers:

April-to-June quarter

  • Revenue: $53.3 billion (vs. 52.37 billion estimate, per Zacks)
  • Per-share earnings: $2.34 (vs. $2.17, per Zacks)
  • iPhone unit sales 41.3 million (roughly what was expected)
  • iPhone average selling price $724 (vs. $693 estimate)

July-to-September quarter

  • revenue forecast: between $60 billion and $62 billion (vs. $58 billion per Zacks)

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Democrats are calling a last-minute audible on mail-in voting after last night's Supreme Court ruling on Wisconsin.

Driving the news: Wisconsin Democrats and the Democratic secretary of state of Michigan are urging voters to return absentee ballots to election clerks’ offices or drop boxes. They are warning that the USPS may not be able to deliver ballots by the Election Day deadline.

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Nxivm cult leader Keith Raniere, 60, was sentenced to 120 years in prison on Tuesday in federal court for sex trafficking among other crimes, the New York Times reports.

Catch up quick: Raniere was convicted last summer with sex trafficking, conspiracy, sexual exploitation of a child, racketeering, forced labor and possession of child pornography. His so-called self-improvement workshops, which disguised rampant sexual abuse, were popular among Hollywood and business circles.

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Americans are moving again

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For decades, the share of Americans moving to new cities has been falling. The pandemic-induced rise of telework is turning that trend around.

Why it matters: This dispersion of people from big metros to smaller ones and from the coasts to the middle of the country could be a boon for dozens of left-behind cities across the U.S.