Apple Q3 Revenue Surges to USD94.04B
(MENAFN) Apple Inc. posted its largest quarterly revenue jump since December 2021, with a 10% year-on-year growth for the fiscal third quarter. The company’s revenue surged to $94.04 billion during the April to June period, as per the firm’s financial results released late Thursday.
Net income for the quarter also experienced a 9.2% rise, reaching $23.4 billion, while earnings per share (EPS) increased by 12%, amounting to $1.57.
The results surpassed Wall Street’s expectations, signaling continued robust performance across key business segments.
The iPhone remained the driving force behind the company’s growth, posting a 13% annual increase in sales to reach $44.58 billion.
The Mac division demonstrated the fastest growth of all Apple’s business units, expanding by nearly 15% to $8.05 billion.
Meanwhile, Apple’s services business—which encompasses content subscriptions, Apple warranties, and licensing deals with Google and iCloud—saw a 13% rise to $27.42 billion for the quarter.
“We are very pleased with our record business performance for the June quarter, which generated EPS growth of 12%,” said Kevan Parekh, Apple’s Chief Financial Officer. “Our installed base of active devices also reached a new all-time high across all product categories and geographic segments, thanks to our very high levels of customer satisfaction and loyalty,” he added.
Following the announcement, Apple's stock gained 2.42%, closing at $212.59 in after-hours trading Thursday.
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