Apple's Fiscal Q3 2025 Earnings Surpass Estimates Amid Strong iPhone Sales and China Market Growth

Apple Inc. reported its largest revenue growth since December 2021 during its third-quarter financial results. The event occurred during Apple's fiscal Q3, but the exact dates are not specified in the given content. The report states that Apple significantly surpassed revenue expectations, marking the biggest increase in revenue growth over the past several quarters.

Apple's stock price responded positively, rising following the earnings announcement and substantial revenue beat. Specific financial figures, company executives' names, or further technical details are not provided in the text provided. The source discusses the possibility that tariffs may have contributed to these results, though no explicit explanation or direct statements from Apple executives are included.

The immediate result of the reported earnings is a positive movement in Apple’s stock price, attributed to the company’s strong revenue growth as announced in the third-quarter results.

On Thursday, Apple reported its third-quarter earnings for the three months ended June 28, surpassing Wall Street estimates due to strong iPhone sales and increased revenue from the China market. The company reported earnings of $23.4 billion, or $1.57 per share, on revenue of $94.0 billion.

CEO Tim Cook stated during the earnings call that approximately 10% of the company’s revenue growth was attributed to customers accelerating purchases due to concerns over tariffs, a trend observed across several industries in the spring period. Apple experienced sales increases in every geographic region, including Greater China, which had shown year-over-year declines in numerous recent quarters.

"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," said CEO Tim Cook in an official statement.

The strong results are significant as Apple’s financial performance is closely watched by investors and is influential for component suppliers, wireless carriers, and the broader technology industry. The report also provides insights into the ongoing impact of tariffs and Apple's position in the competitive tech landscape, especially concerning AI progress and market trends in China.

Apple Inc. announced its financial results for the fiscal 2025 third quarter, which ended on June 28, 2025. The company reported quarterly revenue of $94.0 billion, representing a 10 percent increase year over year. Diluted earnings per share (EPS) were $1.57, up 12 percent from the prior year. These results mark Apple's highest-ever June quarter revenue and EPS.

Growth was driven by double-digit increases in revenue from iPhone, Mac, and Services categories. Sales of iPhones reached $44.58 billion, rising 13.5 percent and surpassing analyst expectations of $40.22 billion. The Americas segment, which includes the U.S., posted a 9.3 percent increase in sales to $41.2 billion. Apple's installed base of active devices reached an all-time high across all product categories and geographic regions. According to CEO Tim Cook, the company set seasonal records for updates of iPhones, Macs, and Apple Watches. Cook told Reuters, "We saw evidence in the early part of the quarter, specifically, of some pull-ahead related to the tariff announcements." He added that the global active user base for iPhones hit a record high in all geographies.

Apple faced external challenges including potential U.S. tariffs, which could have cost the company $900 million in the fiscal third quarter. The company responded by reducing its annual share buyback program by $10 billion and has been diversifying its supply chain, sourcing iPhones from India and other products from Vietnam.

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 announced it would provide a live webcast of its Q3 2025 financial results conference call on July 31, 2025, at 2:00 p.m. PT, accessible at apple.com/investor/earnings-call. The webcast will remain available for replay for approximately two weeks.