Apple beats Wall Street expectations with record Q3 revenue fueled by strong iPhone sales
reported an exceptional financial performance for its fiscal third quarter, blowing past Wall Street estimates thanks largely to a surge in
iPhone
sales and robust growth in its services business.
The tech giant posted quarterly
revenue
of $94.04 billion, a 10 percent increase year-over-year, and net profit of $23.4 billion, or $1.57 per diluted share, marking a 12 percent rise in earnings per share compared to the prior year. Analysts had predicted revenue to fall below $90 billion with earnings closer to $1.43 per share, so Apple's results exceeded expectations substantially, prompting a notable rise in its stock price in after-hours trading.
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iPhone sales drive revenue boom
The flagship iPhone category emerged as the primary revenue driver, generating $44.58 billion in sales, a remarkable 13.5 percent increase year-over-year. This figure substantially outpaced analyst forecasts of roughly $40.22 billion, fueled by rebounding
demand
in key markets like China. Sales in Greater China grew to $15.37 billion from $14.73 billion the previous year, underscoring Apple's strength in the region after a period of slowdown.
Services and Mac sales set new records
Apple's services segment, encompassing App Store, Apple Pay,
iCloud
, and other digital offerings, hit an all-time quarterly high of $27.42 billion, reflecting a 13 percent growth over the prior year and beating analyst expectations of $26.80 billion. Meanwhile, Mac sales saw an impressive lift with revenue climbing nearly 15 percent to $8.05 billion, continuing a trend of strong demand for Apple's computers amid both consumer and professional use cases.
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Mixed performance in other segments
Conversely, the
iPad
business faced a 7 percent decline in revenue, producing $6.6 billion, despite recent refreshes with M4 chip upgrades and newer models targeting broader consumer segments. The Wearables, Home, and Accessories category—which includes AirPods and Apple Watch—also saw an 8.6 percent decrease in sales year-over-year, suggesting a temporary softness ahead of anticipated product updates later this fall.
Apple CEO
Tim Cook
expressed satisfaction with the results, 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. At WWDC25, we were excited to introduce a beautiful new software design that extends across all of our platforms, and we announced even more great Apple Intelligence features.'
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Apple also announced a quarterly
dividend
of $0.26 per share, payable August 14 on August 11 record holders.
Apple maintained its practice of not issuing forward guidance for the next quarter, a strategy it has kept for over five years, citing the unpredictability of market dynamics and product launches.
The company's shares rallied more than 2 percent in after-hours trading following the announcement, reflecting investor optimism about Apple's sustained growth trajectory amid a competitive tech landscape.
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Users with older phones (iPhone 12 or earlier) People who need a phone urgently or can't wait until next September Buyers looking for reliable performance without paying top-tier prices Anyone who doesn't need the latest camera or display tech Creators and photography lovers who want 8x zoom and 8K video Power users who want more RAM, smoother displays, and faster charging Anyone interested in the rumored iPhone 17 Air design Buyers who can afford to wait and want the newest tech If you want a dependable phone with great performance and features, the iPhone 16 is a smart choice. It brings Apple Intelligence, a great battery, and a refined design. But if you're excited about what's next, the iPhone 17 looks like a major leap forward. From smoother screens and powerful cameras to new designs and faster charging, the 17 series is shaping up to be one of Apple's most exciting launches yet. For many users, waiting just a few more months could deliver better features and long-term value—especially if you're already using an iPhone 14 or newer. So, weigh your needs, your budget, and your timing. Either way, you'll get a great phone. But the iPhone 17 might just be worth the wait. Q1: Should I buy the iPhone 16 or wait for the iPhone 17 launch in 2025? If you want future-proof features like 8x zoom and 120Hz display, it's better to wait for iPhone 17. Q2: Is the iPhone 16 still a good investment in 2025? Yes, if you're upgrading from an older model, iPhone 16 offers great value with Apple Intelligence and strong battery life.
