01-08-2025
Apple Q3 Beats, iPhone Drives $94 Billion Revenue
Apple (NASDAQ:AAPL) sailed past Q3 FY2025 estimates, with iPhone demand doing the heavy lifting as revenue hit $94.04 Billion and EPS came in at $1.57.
iPhone revenue was $44.58 billion, up 13% YoY and $4 Billion ahead of what the Street was looking for, and Mac also surprised on the upside with $8.05 billion versus a $7.3 billion forecast.
Services chipped in $27.42 billion, topping expectations, which helped balance out the pullback in iPad and Wearables, home and accessories, both of which slipped 8% and 8.6% YoY and just missed their numbers.
Tim Cook framed it as a June quarter record, pointing to double-digit growth in iPhone, Mac and Services around the world, while CFO Kevan Parekh highlighted new all-time highs in active devices and 12% EPS growth as proof that loyalty and satisfaction remain high.
Outside color came from Julian Lin of Best Of Breed Growth Stocks, who noted the strength was aided by easier comps and warned that a lingering tariff overhang leaves some uncertainty on what comes next. The board added a $0.26 cash dividend, a signal the cash engine is still humming.
The beat shows core customer demand is solid even as some hardware softens, but the tariff question and mixed category performance mean investors need to see if the cadence holds.
This article first appeared on GuruFocus.
