Apple Smashes The Street
Apple announced their 3rd Quarter financial results on Thursday after the market closed. Apple set records for total revenue, iPhone revenue, services revenue and earnings per share for the quarter, posting income of $94 billion and a whopping $21.4 billion in profit for the 3-month period ending on June 30.
Apple excelled in iPhone sales, China was strong, the Mac was rocking and Services set a record at $27.4 billion. Apple’s installed base of devices hit an all-time high in all product categories and geographic sectors. Apple’s board declared at $0.26 dividend per share.
Tim Cook said ” Today, Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and services and growth around the world, in every geographic segment. At WWDC25 we were excited to introduce a beautiful new software design that extends across all our platforms, and we announced even more great Apple Intelligence features.”
In the conference call with analysts Tim Cook revealed that Apple has sold its 3 billionth iPhone since its launch in 2007. Remarkable! Apple CFO Kevan Parekh added ” We are very pleased with our record business performance for the June quarter, which generated EPS growth of 12 percent. Our installed base of active devices also reached a new all-time high across all product categories and geographic segments, thanks to our very high levels of customer satisfaction and loyalty.”
Apple stock is up in after-hours trading as Apple absorbed about $800 million in tariff related costs and still set all-time records for the quarter!
It was an impressive quarter for Apple in the face of uncertain tariffs and a much discussed delay in Apple Intelligence features. Nevertheless, record sales for iPhone and Mac, continued high-margin services revenue and even AppleTV got in on the action with a record 81 Emmy nominations! A great job by Apple and congratulations the entire Apple team!
