Apple Surpasses Q3 Expectations Driven by Robust iPhone Sales

Apple (AAPL) delivered a record June quarter with $94 billion in revenue, surpassing Wall Street estimates of $89.22 billion. Earnings per share reached $1.57, exceeding the projected $1.43. iPhone sales were the standout performer, generating $44 billion against expectations of $39.8 billion.

CEO Tim Cook highlighted double-digit growth across iPhone, Mac, and Services segments, with positive performance in all geographic regions. China sales edged past forecasts at $15.3 billion, while Services revenue hit $27.4 billion. Mac revenue reached $8 billion, though iPad and Wearables saw declines.

Potential headwinds loom, including proposed 25% tariffs by former President TRUMP unless production shifts to the US. The company also faces uncertainty from Google's antitrust case, which could impact their $20 billion search default agreement.