Apple has reported record results for its fiscal 2025 third quarter, ending June 28, 2025, with revenue and earnings both showing solid year-over-year growth. The company posted total quarterly revenue of $94.0 billion, up 10% from $85.8 billion a year ago, and quarterly diluted earnings per share (EPS) of $1.57, up 12% from $1.40.
The performance was driven by double-digit growth in iPhone, Mac, and Services across all geographic segments. iPhone sales reached $44.6 billion, up from $39.3 billion in Q3 2024. Services revenue hit an all-time high of $27.4 billion, up 13% year over year, reflecting continued expansion in areas like the App Store, iCloud, and AppleCare. Mac revenue rose to $8.05 billion, while iPad sales dipped slightly to $6.58 billion. Wearables, Home, and Accessories revenue came in at $7.4 billion, down from $8.1 billion.
By region, revenue grew across the board:
- Americas: $41.2 billion (up from $37.7 billion)
- Europe: $24.0 billion (up from $21.9 billion)
- Greater China: $15.4 billion (up from $14.7 billion)
- Japan: $5.78 billion (up from $5.10 billion)
- Rest of Asia Pacific: $7.67 billion (up from $6.39 billion)
Apple’s gross margin for the quarter was $43.7 billion, up from $39.7 billion, with product margins benefiting from the sales mix and efficiency gains. Operating income rose to $28.2 billion, while net income reached $23.43 billion, compared to $21.45 billion last year.
CEO Tim Cook highlighted the momentum from the June quarter and recent product updates, noting that WWDC25 introduced a “beautiful new software design” across platforms along with expanded Apple Intelligence features. CFO Kevan Parekh emphasized that Apple’s installed base of active devices reached a new all-time high across all product categories and regions, crediting strong customer satisfaction and loyalty.
The company’s balance sheet remains robust, with $36.3 billion in cash and cash equivalents at quarter-end. Apple continued to return capital to shareholders, repurchasing $70.6 billion worth of stock over the first nine months of fiscal 2025 and paying $11.6 billion in dividends. The board declared a quarterly dividend of $0.26 per share, payable August 14, 2025, to shareholders of record as of August 11.
Looking ahead, while Apple did not issue formal revenue guidance, its record Q3 results suggest continued momentum into the final quarter of the fiscal year, driven by strong demand for iPhones, a growing Services business, and upcoming product launches in the fall.
