Apple Posts Biggest Revenue Growth in Years as iPhone and Services Sales Surge
Jul 31, 2025
Apple has reported strong financial results for its fiscal third quarter ended June 28, 2025. The company achieved a 10% increase in revenue compared to the same period last year, reaching $94.0 billion. This marks Apple’s biggest quarterly revenue growth since December 2021.
The increase was driven by a 13% rise in iPhone sales, as well as double-digit growth in Mac sales and record revenue from its services division. Apple also saw growth across all geographic regions.
Apple’s quarterly earnings per share rose 12% year-over-year to $1.57. Strong sales in China and robust demand for the iPhone 16 contributed to the company outperforming Wall Street expectations.
Apple’s CEO Tim Cook said the company plans to significantly increase its investments in artificial intelligence and is open to mergers and acquisitions that could boost its technology roadmap.
Why did Apple's revenue grow so much this quarter?
Revenue grew due to strong sales of the iPhone 16, higher Mac sales, and record services revenue. The company also saw growth around the world.
How did Apple perform compared to Wall Street expectations?
Apple's sales and profits were higher than Wall Street had predicted for the quarter.
What is Apple planning for the future?
Apple plans to invest more in artificial intelligence and is open to buying other companies that could help its technology development.
How did the stock market react to Apple's results?
Apple's stock rose more than 3% in after-hours trading after the earnings announcement.
Sources
Apple reports biggest revenue growth since December 2021
CNBC
CNBC
Sales of the iPhone grew 13% year-over-year and overall revenue grew 10% — Apple's largest quarterly revenue growth since December 2021. Apple CEO Tim Cook said that Apple would “significantly grow” its AI investments, adding that the company is “open to M&A that accelerates our roadmap.”
Apple crushes Wall Street expectations as iPhone sales soar
Reuters
Reuters
Apple on Thursday reported sales and profit that far surpassed expectations, showing that its efforts to re-route its sprawling global supply chain away from U.S. President Donald Trump's trade war have so far succeeded.
Apple's iPhone Sales Blow Past Estimates as Some Customers Raced to Beat Tariffs
WSJ
WSJ
The company's revenue was about 10% higher than the same period a year ago, showing an unexpected ability to weather tariff blows.
Apple reports third quarter results
Business Wire
Business Wire
CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced financial results for its fiscal 2025 third quarter ended June 28, 2025. The Company posted quarterly revenue of $94.0 billion, up 10 percent year over year, and quarterly diluted earnings per share of $1.57, up 12 percent year over year. “T...
Apple Beats Q3 Estimates With Strongest Revenue Growth Since December 2021
Apple stock jumps 3% after Q3 earnings beat, driven by iPhone 16 sales and China growth. Services and Mac also post strong gains, offsetting iPad weakness.
Apple reports biggest revenue growth since December 2021.
CNBC Television
CNBC Television
Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue. iPhone sales grew 13% year-over-year and overall revenue grew 10% — Apple's largest quarterly revenue growth since December 2021.
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Apple tops estimates with record services revenue, strong iPhone and Mac sales
Proactive Investors
Proactive Investors
Apple Inc (NASDAQ:AAPL, ETR:APC) reported better-than-expected quarterly results on Thursday, driven by double-digit growth in iPhone and Mac sales and record revenue from its services division, sending shares up more than 3% in after-hours trading. Revenue for the fiscal third quarter rose 10% to $...
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Investors Business Daily
Investors Business Daily
Apple beat Wall Street's targets for its fiscal third quarter, thanks to strong iPhone and services sales. Apple stock rose.
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TechCrunch
TechCrunch
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Bloomberg Markets and Finance
Bloomberg Markets and Finance
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New York Post
Sales of iPhones, the company's best-selling product, were up 13.5% to $44.58 billion, beating analyst expectations of $40.22 billion.
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Apple Posts Better-Than-Expected Earnings as Services Revenue Hits Record High
Investopedia
Investopedia
Apple (AAPL) reported fiscal third-quarter earnings that topped analysts' expectations, as its services revenue hit a record high.
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Yahoo Finance
Yahoo Finance
Asking for a Trend, anchor Josh Lipton breaks down the latest market trends for July 31, 2025. Apple reported third quarter earnings after the bell on Thursday, beating on the top and bottom lines on better-than-anticipated iPhone sales.
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CNBC Television
CNBC's Steve Kovach joins 'Fast Money' to talk Apple CEO Tim Cook's comments on the investors call.
'Fast Money' traders talk Apple's better-than-expected quarter
CNBC Television
CNBC Television
The 'Fast Money' traders talk Apple's better-than-expected quarter.
Apple has now sold three billion iPhones
TechCrunch
TechCrunch
Apple has sold three billion iPhones since the product was launched in 2007, Apple CEO Tim Cook said Thursday during the company's second-quarter earnings call.
Apple plans to ‘significantly' grow AI investments, Cook says
TechCrunch
TechCrunch
Apple on Thursday signaled that it's getting more serious about its plans to catch up in the AI race.
Apple shares climb on better-than-expected Q3
CNBC Television
CNBC Television
CNBC's Steve Kovach, Gil Luria, DA Davidson, and Patrick Moorhead, Moor Insights, join 'Closing Bell Overtime' to talk Apple quarterly results.
Apple projects tariff costs will hit $1.1B next quarter
TechCrunch
TechCrunch
Tariffs are projected to cost Apple $1.1 billion in the July-to-September quarter, an uptick from the previous period, CEO Tim Cook said during the company's earnings call with investors Thursday.
Apple's earnings were good, but the initial stock move implies Wall Street is wa...
Market Watch
Market Watch
Apple's stock was up modestly despite a big beat, suggesting that concerns about AI and regulatory matters could limit upside.
Apple to ‘Significantly' Invest in AI, Warns of $1 Billion Tariff Hit
PYMNTS
PYMNTS
Apple is lighting a fire under its artificial intelligence (AI) efforts, pledging to “significantly” step up investments and dedicating more staff toward the development of Apple Intelligence features.
CEO Tim Cook says Apple ready to open its wallet to catch up in AI
Reuters
Reuters
Apple CEO Tim Cook signaled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centers or buying a larger player in the segment, a departure from a long practice of fiscal frugality.
Apple profit beats forecasts on strong iPhone sales
TechXplore
TechXplore
Apple on Thursday reported quarterly profit of $23.4 billion, topping forecasts despite concerns about the effect of US tariffs on its supply chain.
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CNBC Television
CNBC Television
Richard Clode, Janus Henderson Investors portfolio manager, joins 'Money Movers' to discuss the 'Big Tech' sector earnings, Apple's outlook and CapEx spending.
Apple saw an 'unusual buying pattern' among US shoppers this year. Tim Cook expl...
Business Insider
Business Insider
Consumers rushed to buy iPhones and Macs in April due to fears of tariff-induced price hikes. The panic buying drove strong iPhone sales and pushed Apple's Q3 revenue to $94 billion.
Big Takeaways From Big Tech Earnings
Barrons
Barrons
Alphabet, Amazon.com, Apple, Meta Platforms, and Microsoft all beat Wall Street's second-quarter estimates, and the ad business is still strong.
Apple Q3 Earnings Beat Estimates, Services Drive Top-Line Growth
Zacks Investment Research
Zacks Investment Research
AAPL's third-quarter fiscal 2025 results benefit from strong services growth and an increase in iPhone and Mac sales.
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Bloomberg Technology
Bloomberg Technology
T. Rowe Price portfolio manager Tony Wang says investors are focusing on Apple's forward outlook, particularly its plans for foldables and the next iPhone cycle. Wang joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech.
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