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Apple Inc. (AAPL) reported third-quarter fiscal 2025 adjusted earnings of $1.57 per share, exceeding the Zacks Consensus Estimate by 10.56% and rising 12.1% year over year. Net sales rose 9.6% to $94.04 billion, also beating the consensus estimate by 5.75%.
iPhone sales increased 13.5% to $44.58 billion, comprising 47.4% of total sales, driven by strong demand for the iPhone 16 family. Services revenues recorded a 13.3% year-over-year increase, reaching $27.42 billion and accounting for 29.2% of sales. Apple’s cash and marketable securities were $132.99 billion, compared to $91.78 billion in term debt as of June 28, 2025.
Looking ahead, Apple anticipates fourth-quarter revenues to grow in the mid to high single digits year-over-year and expects a gross margin of 46-47%, considering $1.1 billion in tariff impacts. The consensus estimate for fourth-quarter revenues stands at $96.43 billion, suggesting 1.58% growth from the previous year.
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