Apple Exceeds Forecasts With $102.5 Billion Q3 Revenue Despite iPhone Miss

Apple posts record quarterly results, driven by strong growth in services and Macs, as Tim Cook projects double-digit expansion ahead

Apple Inc. reported third-quarter calendar-year 2025 revenue of 102.5 billion dollars, slightly above analyst expectations of about 102.2 billion dollars. Net income surged 86.4 percent to 27.47 billion dollars, translating to earnings per share of $1.85, compared with forecasts of $1.77. The company credited the performance to strong gains across nearly all product categories and record service revenues.

iPhone sales rose 6.1 percent to 49.03 billion dollars but narrowly missed estimates of 49.33 billion. The Services segment was a standout, climbing 15.1 percent to 28.75 billion dollars, exceeding the projected 28.18 billion. Mac sales advanced 12.3 percent to 8.73 billion (versus 8.55 billion expected), iPad revenue remained steady at 6.95 billion (vs. 6.97 billion expected), while the Wearables, Home and Accessories category slipped slightly by 0.3 percent to 9.01 billion (compared with 8.64 billion expected).

Geographically, Apple achieved growth across nearly all regions except China, where sales declined 3.6 percent to 14.49 billion dollars. Revenue in the Americas rose 6.1 percent to 44.19 billion; Europe gained 15.2 percent to 28.70 billion; Japan increased 12 percent to 6.64 billion; and Asia-Pacific (excluding China) advanced 14.3 percent to 8.44 billion.

In parallel with its earnings release, Apple declared a quarterly dividend of 26 cents per share, payable on 13 November to shareholders of record as of 10 November. Chief Executive Tim Cook hailed the results as a record September quarter, highlighting all-time highs in services revenue and strong product launches, including the new iPhone lineup, AirPods Pro 2, and Apple Watch models. He emphasized confidence in Apple’s momentum heading into the holiday season, projecting year-over-year revenue growth of 10 to 12 percent and double-digit expansion in iPhone sales.

The results reinforce Apple’s sustained profitability and brand strength, balancing modest iPhone softness with broad-based gains across hardware and digital services as it enters its strongest quarter of the fiscal year.

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