Apple Q3 Earnings Report
Apple (NASDAQ: AAPL) reported earnings for the third quarter of fiscal year 2025 on [insert date], with earnings per share at $1.57 and revenue exceeding $94 billion, surpassing analyst expectations. This marks a year-over-year revenue growth of 10%, the highest since 2021, fueled in part by iPhone sales exceeding $44.5 billion.
However, shares of Apple traded nearly 2% lower shortly after the earnings report, possibly influenced by renewed concerns over tariffs and weak jobs data. The company also incurred $800 million in costs related to tariffs, and projected mid- to high-single-digit revenue growth for the fourth quarter, with gross margins expected to fall between 46% and 47%.
