Apple Inc. announced on Thursday that its third quarter of fiscal 2025 revenue climbed 10% to $94 billion, surpassing analysts' expectations. Product sales increased 8.2% to clock in at $66.6 billion. Meanwhile, services jumped 13.2% to reach $27.5 billion.
The Cupertino company's net income for the three months ending June 28 increased 9% to $23.4 billion, while diluted earnings per share soared 12% to $1.57, also exceeding forecasts. In terms of product categories, net sales of the iPhone increased to $44.5 billion, up from $39 billion in the same quarter of 2024. All the regions increased sales compared to the previous year, with China jumping $15.3 billion compared to $14.7 billion.
"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," said Tim Cook, Apple's CEO. Apple's shares declined 2.20% in after-hours trading to sell at $212.14 apiece.
