Apple

Apple reported a record-breaking fiscal Q3 2025, with total net sales reaching $94.036 billion, a 10% increase year-over-year. This growth was broadly distributed, with Products revenue up 8.2% to $66.613 billion and Services revenue surging 13.26% to a new all-time high of $27.423 billion. Within Products, iPhone sales led the way at $44.582 billion, up 13.45%, and Mac revenue grew 14.8% to $8.046 billion. However, iPad revenue declined 8.0% to $6.581 billion, and Wearables, Home and Accessories decreased 8.56% to $7.404 billion. Geographically, all segments saw growth, with Americas up 9.35% to $41.198 billion, Europe up 9.73% to $24.014 billion, and Rest of Asia Pacific leading with 20.08% growth to $7.673 billion.

Profitability metrics demonstrated strong operational efficiency, with gross margin expanding to $43.718 billion, an increase of 10.19% year-over-year. Operating income rose 11.24% to $28.202 billion, reflecting effective cost management despite increased operating expenses, including $8.866 billion in Research and Development. Net income for the quarter was $23.434 billion, up 9.26% from the prior year. For the nine months ended June 28, 2025, cash generated by operating activities stood at $81.754 billion, underscoring the company's robust cash generation capabilities.

CEO Tim Cook expressed pride in the June quarter revenue record, highlighting double-digit growth across iPhone, Mac, and Services, and emphasizing global expansion in every geographic segment. He also noted the excitement around the new software design and Apple Intelligence features introduced at WWDC25. CFO Kevan Parekh reiterated satisfaction with the record business performance and 12% EPS growth, attributing it to an all-time high installed base of active devices driven by exceptional customer satisfaction and loyalty. The board declared a cash dividend of $0.26 per share, reinforcing commitment to shareholder returns.

While the announcement did not include specific forward-looking guidance, Apple's strategic focus on innovation, as evidenced by the new Apple Intelligence features, and its expanding ecosystem of products and services, position it strongly in the competitive technology landscape. The company's consistent ability to grow its installed base and maintain high customer loyalty provides a solid foundation for sustained performance, even as it navigates market dynamics and product category shifts.