Apple posted $109.4 billion in revenue, up 16% from a year ago, as iPhone revenue grew 22% from a year ago, reaching a record in the June quarter. Apple's Greater China revenue was $18.8 billion, shy of analyst estimates of $19.5 billion. The company expects revenue to grow 9% to 11%, compared with the consensus estimate of about 12.1%. CEO Tim Cook said Apple paid more for memory in each of the past three quarters and expects costs to rise again in the September quarter. Click here for the latest technology news that will impact the stock marketRead the latest financial and business news from Yahoo Finance