Apple announced its third quarter fiscal 2025 financial results today, beating Wall Street forecasts and achieving its largest revenue increase since December 2021.
The company announced quarterly revenue of $94.0 billion, a 10% year-over-year increase, along with quarterly diluted earnings per share of $1.57, reflecting a 12% increase from the previous year.
iPhone sales increased by 13% compared to the previous year.
Apple CEO, Tim Cook, told investors: “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. At WWDC25, we were excited to introduce a beautiful new software design that extends across all of our platforms, and we announced even more great Apple Intelligence features.”
Kevan Parekh, Apple’s CFO stated: “We are very pleased with our record business performance for the June quarter, which generated EPS growth of 12 percent. Our installed base of active devices also reached a new all-time high across all product categories and geographic segments, thanks to our very high levels of customer satisfaction and loyalty.”
The company also announced the opening of its manufacturing academy, in Detroit, part of Apple’s pledge to spend more than $500 billion in the U.S. over the next four years.
Sabih Khan, Apple’s COO commented, “We’re thrilled to welcome companies from across the country to the Apple Manufacturing Academy starting next month. Apple works with suppliers in all 50 states because we know advanced manufacturing is vital to American innovation and leadership. With this new programming, we’re thrilled to help even more businesses implement smart manufacturing so they can unlock amazing opportunities for their companies and our country.”
By CEO NA Editorial Staff
