Apple reported its strongest June quarter on Thursday, with fiscal third-quarter revenue rising 16% from a year earlier to $109.42 billion as demand for iPhones and Mac computers lifted results above Wall Street expectations. The Cupertino, California-based company earned $29.79 billion, or $2.02 per diluted share, during the April-to-June period, up 27% from $23.43 billion, or $1.57 per share, a year earlier.
The Associated Press reported that analysts surveyed by FactSet had expected earnings of $1.89 per share on revenue of about $109 billion. Apple said sales increased in every geographic segment, while iPhone, Mac and Services each set June-quarter records. The results marked the final earnings call for Tim Cook, who is due to hand the chief executive role to hardware engineering chief John Ternus on September 1.
Product results showed iPhone revenue jumping to $54.25 billion, while Mac revenue reached $10.35 billion and Services generated $30.74 billion. Apple recorded $6.19 billion from iPad and $7.88 billion from wearables and accessories. Axios reported that Greater China contributed $18.8 billion and the Americas remained the largest region at $45.78 billion, with Europe producing $29.39 billion.
The profit beat also included 11 cents per share from tariff refunds, according to AP and Axios, a benefit the company does not expect to repeat. Apple has recently increased prices for several Mac and iPad products while confronting higher component costs. Cook attributed those increases to an industry-wide memory-chip shortage intensified by artificial-intelligence infrastructure demand, though the company has not raised iPhone prices.
Apple forecast revenue growth of 9% to 11% in the current quarter despite unfavorable currency movements and tighter supplies of iPhones, Macs and iPads. Management said demand remained high but warned that reduced supply-chain flexibility would make constraints significantly more severe than in the June quarter. Memory prices are also expected to rise again in the September period, increasing pressure on hardware margins.
Investors reacted cautiously despite the record sales and earnings beat, sending Apple shares lower in after-hours trading. The report gives incoming chief executive Ternus a financially strong starting position, but his first months will test whether Apple can secure enough chips, absorb rising memory costs and sustain growth as tariff support fades. The next iPhone launch and any further pricing decisions will be central to the company’s September-quarter performance.
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