Apple Reports Strong iPhone Sales Growth of 22% in Q3
Apple reported record revenue for its fiscal third quarter, ending June 30, with total sales reaching $109.4 billion — a year-over-year increase of 16%. The growth was driven by strong performance from product sales, which rose 18%, led primarily by the iPhone segment. iPhone sales surged to nearly $54.3 billion, up 22% compared to last year. The company attributed this unexpected surge in demand for iPhones — typically strongest during holiday periods — to advanced features included across standard models rather than being limited to premium Pro versions. Services revenue also rose by 12%, reaching a new high of $30.7 billion, while Mac sales contributed significantly with nearly $10.4 billion. Despite beating analyst expectations for both revenue and earnings per share (EPS), Apple’s stock fell in after-hours trading due to cautious guidance for the fourth quarter. Management projected slower growth — 9% to 11% year-over-year — citing supply chain constraints, particularly around memory components.
Tickers: $AAPL
Topics: Apple iPhone sales revenue growth Tim Cook transition