Apple Stock Surges on Strong Q3 Earnings and iPhone Sales Growth

Apple shares climbed 2.23% to $212.30 in after-hours trading following a robust third-quarter earnings report that surpassed analyst expectations. The tech giant posted earnings of $1.57 per share, beating the $1.43 estimate, while revenue soared to $94.04 billion against a projected $89.30 billion. iPhone sales, a critical revenue driver, jumped 13.5% to $44.58 billion—exceeding forecasts by $4 billion despite lingering tariff concerns.

CEO Tim Cook attributed part of the outperformance to accelerated customer purchases ahead of potential tariffs. The company reported seasonal records for iPhone upgrades globally, with Cook highlighting all-time highs in active device installations. Greater China revenue rebounded to $15.37 billion, countering prior declines and offsetting regulatory headwinds in Europe.