The highlights from Apple's just released third quarter ended June 30.

First the good news:

• EPS $1.28, Exp. $1.23
• Gross Margin 39.4%, Exp. 37.8%
• Mac sales 4.4 million, Exp. 3.9 million

Now, the bad:

• Revenue: $37.43 billion, Exp. $37.93 billion
• iPhone sales 35.2 million, Exp. 35.3 million
• Q4 revenue guidance between $37 and $40 billion, Exp. $40.6 billion

So beat on EPS, margins and Mac sales, miss on revenue, iPhone sales and weaker Q4 topline guidance.

As for cash usage: "We generated $10.3 billion in cash flow from operations and returned over $8 billion in cash to shareholders through dividends and share repurchases during the June quarter,” said Luca Maestri, Apple’s CFO. “We have now taken action on over $74 billion of our $130 billion capital return program with six quarters remaining to its completion."

All in all a rather uneventful quarter as the company prepares for the all important iPhone 6 release in two quarters, and a test of whether it still has the magic to wow consumers with a new product launch.

The key charts:

Revenue

Margins

Product breakdown

Greater China Sales

Cash and equivalents