TLDR: Apple announced its fiscal third-quarter 2025 financial results, reporting a record quarterly revenue of $94.0 billion, a 10 percent increase year-over-year, and diluted earnings per share of $1.57, up 12 percent. The company saw double-digit growth in iPhone, Mac, and Services, with Services revenue reaching an all-time high of $27.4 billion. Apple also highlighted its significant investments in AI, with a more personalized, AI-powered Siri expected in 2026.
CUPERTINO, CALIFORNIA – Apple Inc. has reported exceptional financial results for its fiscal 2025 third quarter, which concluded on June 28, 2025. The technology giant posted a record quarterly revenue of $94.0 billion, marking a substantial 10 percent increase compared to the same period last year. Diluted earnings per share (EPS) also saw impressive growth, rising 12 percent year-over-year to $1.57.
Tim Cook, Apple’s CEO, expressed pride in the company’s performance, stating, “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.” This robust growth was evident across various product categories and geographic regions. iPhone sales climbed 13% to $44.58 billion, while Mac sales increased by 15% to $8.05 billion. Services revenue, a key focus for Apple, reached an all-time high of $27.4 billion, up 13% year-over-year, with a gross margin of 75.6%. iPad sales, however, saw a decrease of 8% to $6.58 billion, and Wearables/Home also experienced a modest decline of 8.6%.
Kevan Parekh, Apple’s CFO, commented on the strong business performance, noting, “We are very pleased with our record business performance for the June quarter, which generated EPS growth of 12 percent.” Parekh also highlighted that the installed base of active devices reached a new all-time high across all product categories and geographic segments, attributing this to high levels of customer satisfaction and loyalty.
During the quarter, Apple continued to emphasize its commitment to artificial intelligence. At WWDC25, the company introduced a new software design across its platforms and announced ‘even more great Apple Intelligence features.’ CEO Tim Cook confirmed that Apple is ‘significantly growing’ its investments in AI and reallocating employees to focus on development. A more personalized, AI-powered version of Siri is anticipated to launch in 2026.
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Financially, the company’s gross margin for the quarter stood at 46.5 percent, slightly up from 46.3 percent in the year-ago quarter. Operating expenses were $15.5 billion, an 8% increase year-over-year. Apple’s board of directors declared a cash dividend of $0.26 per share of common stock, payable on August 14, 2025, to shareholders of record as of August 11, 2025. The company also absorbed approximately $800 million in tariff-related costs during the quarter and expects a $1.1 billion hit in the current quarter if tariff levels remain unchanged. Despite the strong results, Apple shares experienced a slight dip of 0.71% in after-hours trading, closing at $208.27, though the stock was down about 17% for 2025 through Thursday’s close.
