Apple released its financial report for the third quarter of fiscal year 2025, which concluded on June 28. The tech giant reported revenue of $94 billion for the quarter, reflecting a 10% increase compared to the same period last year. Diluted earnings per share climbed 12% year-over-year to $1.60, while net profit also saw a 12% rise, reaching $23.4 billion. The iPhone remains Apple’s top-earning product, serving as the cornerstone of the company’s overall business strategy.
Apple’s iPhone brought in $44.5 billion in revenue during the quarter ending in June, surpassing projections of $40 billion and outperforming the $39.3 billion recorded in the same quarter last year. The company’s total revenue for the period reached $94 billion, reflecting a 10% rise compared to the previous year.
iPhone sales in China saw a notable uptick:
iPhone sales in China saw a notable uptick, rising from $14.7 billion in Q3 2024 to $15.3 billion in the most recent quarter, signaling a positive shift in a market where Apple had been facing sluggish performance.
Apple CEO Tim Cook believes the iPhone will continue to be essential even as AI plays a bigger role in everyday life.
“It’s difficult to see a world where iPhone’s not living in it,” he responded to a query regarding how Apple is gearing up for a future where users increasingly depend on voice assistants rather than traditional screen interactions. “And that doesn’t mean that we are not thinking about other things as well, but I think that the devices are likely to be complementary devices, not a substitution.”
iPhone sales powered Apple’s overall growth:
The surge in iPhone sales powered Apple’s overall growth, with revenue increasing 13% to $44.6 billion, up from $39.3 billion during the same quarter last year. Mac revenue also saw a robust 15% jump, reaching $8.05 billion. In contrast, iPad earnings dipped roughly 8%, totaling $6.6 billion. Meanwhile, Apple’s services division achieved a new all-time high of $27.4 billion in revenue—up 13%—fueled by strong performance across the App Store, subscription services, cloud offerings, and other digital platforms.
