Apple Inc. delivered its strongest June quarter on record, posting double-digit growth across its core businesses as robust iPhone demand, expanding services revenue, and resilient global sales helped offset lingering trade headwinds.
Even so, shares of the tech giant sank 6.3 percent in after-market trades on Thursday due to a weaker-than-expected revenue forecast and deepening supply constraint.
Apple reported fiscal third-quarter revenue of USD109.4 billion for the period ended June 27, up 16 percent from a year earlier. Diluted earnings per share climbed 29 percent to USD2.02, while gross margin reached 50.1 percent buoyed by approximately two percentage points from tariff refunds.
The results underscore Apple’s ability to sustain growth even as the global smartphone market matures, with strength extending well beyond the iPhone. Revenue increased by double digits across the Mac and Services businesses and in every geographic segment, highlighting the company’s increasingly diversified earnings base.
“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” Chief Executive Officer Tim Cook said.
He also pointed to the company’s recent Worldwide Developers Conference, where Apple unveiled its new Siri AI platform alongside software upgrades and expanded child safety features.
Chief Financial Officer Kevan Parekh said Apple also set June-quarter records for earnings per share and operating cash flow, while its installed base of active devices reached an all-time high across every major product category and geographic region.
The record installed base reinforces Apple’s long-term strategy of monetizing its ecosystem through subscriptions, software, and digital services, providing recurring revenue that cushions the business from hardware replacement cycles.
Apple’s board declared a quarterly cash dividend of USD0.27 per share, payable on Aug. 13 to shareholders of record as of Aug. 10.
Investors will now be watching whether the company’s artificial intelligence initiatives, led by the revamped Siri platform, can translate into another upgrade cycle and sustain Apple’s growth momentum heading into the crucial holiday shopping season.
