Apple Inc (NASDAQ:AAPL, ETR:APC) reported better-than-expected quarterly results on Thursday, driven by double-digit growth in iPhone and Mac sales and record revenue from its services division, sending shares up more than 3% in after-hours trading.
Revenue for the fiscal third quarter rose 10% to $94.04 billion, beating Wall Street’s estimate of $89.53 billion. Earnings per share came in at $1.57, above analysts' forecast of $1.43 and up 12% from a year earlier.
CFO Kevan Parekh noted that the installed base of active devices reached an all-time high across all product categories.
The iPhone remained the company’s top revenue generator, delivering $44.58 billion in sales, a 13% increase year over year. Mac revenue jumped 15% to $8.05 billion, also topping expectations. iPad sales fell 8% to $6.58 billion, while revenue from wearables, home and accessories declined 9% to $7.4 billion.
Services revenue, which includes the App Store, iCloud and Apple Music, climbed 13% to a record $27.42 billion.
Apple noted strength across all geographic regions. Revenue rose 9% in the Americas, 10% in Europe, and 13% in Japan. Greater China revenue totaled $15.37 billion, up 4% year over year and slightly ahead of estimates.
Executives said tariff-related pull-forward contributed about one percentage point to annual growth, and reiterated Apple’s long-term investment in artificial intelligence.
Net income rose 9% to $23.43 billion, while operating income increased 11% to $28.20 billion. Gross margin grew 10% to $43.72 billion. Operating expenses totaled $15.52 billion, in line with forecasts.