Finance News
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Apple Q3 Beats, iPhone Drives $94 Billion Revenue

Apple beats Q3 expectations thanks to strong iPhone and Mac sales, while services continue to grow.
Written by
Bullwaves
Published on
August 4, 2025

Apple (NASDAQ: AAPL) has outperformed Wall Street expectations in its fiscal Q3 2025 results, delivering a strong quarter powered by robust iPhone and Mac sales. The company reported $94.04 billion in revenue, surpassing forecasts, while earnings per share (EPS) climbed to $1.57, showing a 12% year-over-year increase.

The standout performer was the iPhone, which brought in $44.58 billion in revenue, up 13% from the same quarter last year and a full $4 billion above consensus estimates. Mac sales also exceeded expectations, reaching $8.05 billion against a forecast of $7.3 billion, signaling renewed interest in Apple’s computer lineup.

Apple's Services division continued to be a key growth driver, posting $27.42 billion in revenue and exceeding analysts’ targets. This segment helped offset weaker performance in other hardware categories. iPad sales fell 8% year-over-year, while the Wearables, Home and Accessories division saw an 8.6% decline, both segments falling slightly short of projections.

CEO Tim Cook framed the quarter as a “June quarter record,” pointing to strong double-digit growth across iPhone, Mac, and Services in multiple international markets. He emphasized the global strength of Apple’s ecosystem and the continued appeal of its premium products. CFO Kevan Parekh highlighted new all-time highs in active devices, reaffirming the stickiness of the brand and user base. He also underlined the 12% EPS growth as a sign of operational efficiency and customer satisfaction.

External commentary from Julian Lin of Best Of Breed Growth Stocks suggested the strong quarter benefited in part from easier year-over-year comparisons. He cautioned, however, that uncertainties remain, particularly related to potential tariffs and the global trade landscape, factors that could impact Apple’s future performance.

In a move that reassures investors, Apple’s board approved a $0.26 cash dividend, reinforcing the company's strong financial health and commitment to shareholder returns.

While some hardware categories are softening, Apple’s core business remains highly resilient. The solid results in high-margin segments like Services and the iPhone suggest Apple’s strategy is working, but future growth will depend on whether it can maintain momentum amid economic headwinds and policy risks.

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