Apple announces Q3 results with 10 pct revenue increase-Xinhua

SAN FRANCISCO, July 31 (Xinhua) — Apple on Thursday announced financial results for its fiscal 2025 third quarter that ended on June 28, with quarterly revenue of 94 billion U.S. dollars, up 10 percent year over year.

The company posted quarterly diluted earnings per share of 1.57 dollars, up 12 percent year over year. Its net income for the quarter increased to 23.43 billion dollars from 21.45 billion dollars a year ago.

Sales of iPhones rose to 44.58 billion dollars from 39.3 billion dollars a year ago. Its Mac sales increased to 8.05 billion dollars from 7.01 billion dollars a year ago.

The company’s services income was 27.42 billion dollars, up from 24.21 billion dollars the previous year.

The sales of wearables, home and accessories products decreased to 7.4 billion dollars from 8.1 billion dollars a year ago.

“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,” said Tim Cook, Apple’s CEO.

“We are very pleased with our record business performance for the June quarter, which generated EPS (earnings per share) growth of 12 percent,” said Kevan Parekh, Apple’s CFO.

Apple’s board of directors has declared a cash dividend of 0.26 dollars per share of the company’s common stock.

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