Apple has just wrapped up a strong quarter, reporting higher-than-expected results off the back of big iPhone sales and continued growth in its Services business. Despite concerns about AI and tariffs, the company set a new revenue record for the April-June period – even as iPads and wearables saw a slight dip.
Total revenue for the period hit $94 billion, up 10% year-over-year, with earnings per share rising 12%. That was enough to beat analyst projections and give Apple’s stock a bump in after-hours trading. “We are 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 CEO Tim Cook.
iPhone revenue jumped to $44.6 billion – a healthy increase from $39.3 billion last year – while Services like iCloud, Apple Music, and the App Store brought in a record $27 billion. Mac sales also rose modestly to $8 billion.
On the other hand, iPad revenue slipped to $6.6 billion and Apple’s wearables category (which includes Apple Watch and AirPods) dropped to $7.4 billion. Neither product line has seen major updates in recent months, which could help explain the lower demand.
Apple also said its active device base – the number of Apple devices currently in use worldwide – is at an all-time high, driven by “very high levels of customer satisfaction and loyalty.” That bodes well for the long term, especially with big software updates on the way this fall.
So despite ongoing trade tariffs affecting costs – to the tune of around $800 million this past quarter alone – Apple doesn’t appear to be losing momentum. The board also announced a dividend of $0.26 per share, to be paid in mid-August.