{"id":182308,"date":"2025-08-01T09:50:03","date_gmt":"2025-08-01T13:50:03","guid":{"rendered":"https:\/\/midatlanticconsulting.com\/blog\/?p=182308"},"modified":"2025-08-01T09:50:03","modified_gmt":"2025-08-01T13:50:03","slug":"apple-notches-largest-revenue-growth-since-december-2021-mac-business-grew-the-fastest-during-the-june-quarter","status":"publish","type":"post","link":"https:\/\/midatlanticconsulting.com\/blog\/2025\/08\/apple-notches-largest-revenue-growth-since-december-2021-mac-business-grew-the-fastest-during-the-june-quarter\/","title":{"rendered":"Apple notches largest revenue growth since December 2021; Mac business grew the fastest during the June quarter"},"content":{"rendered":"\n

\"\"<\/a><\/p>\n

Apple announced third-quarter earnings on Thursday, surpassing Wall Street\u2019s profit and revenue forecasts. The Mac division led growth among Apple\u2019s segments in the June quarter, with iPhone sales rising 13% year-over-year and total revenue increasing 10%, marking the company\u2019s strongest quarterly revenue growth since December 2021.<\/p>\n<\/p>\n

\u2022 Revenue: $94.04 billion vs. $89.53 billion expected
\u2022 Earnings per share: $1.57 vs. $1.43 expected<\/p>\n

\u2022 iPhone revenue: $44.58 billion vs. $40.22 billion expected
\u2022 Mac revenue: $8.05 billion vs. $7.26 billion expected
\u2022 iPad revenue: $6.58 billion vs. $7.24 billion expected
\u2022 Other Products revenue: $7.40 billion vs. $7.82 billion expected
\u2022 Services revenue: $27.42 billion vs. $26.80 billion expected
\u2022 Gross margin: 46.5% vs. 45.9% expected<\/p>\n

Kif Leswing for CNBC<\/a>:
\u200e<\/p>\n

\n

The company provided what it calls color about the company\u2019s performance during the September quarter so far on a call with analysts on Thursday. Apple said it expects mid- to high-single-digit increases in overall revenue, services growth to be similar to this quarter\u2019s 13% year-over-year growth and for gross margin to be between 46% and 47%, even including costs related to tariffs.<\/p>\n

Apple incurred $800 million in tariff costs in the June quarter, Apple CEO Tim Cook said on the call. That came in lower than the $900 million estimate the company provided in May. For the September quarter, assuming no changes, Apple could incur about $1.1 billion in tariff costs, Cook said. <\/p>\n<\/blockquote>\n

\u200e
For perspective, Apple\u2019s average revenue per day in its fiscal 2025 third quarter was approximately $1.033 billion.<\/p>\n

\n

Cook said iPhone revenue was strong because the iPhone 16 is more popular compared to the iPhone 15 devices on sale last year at the same time. Cook said iPhone 16 sales were up \u201cstrong double digits\u201d versus its predecessor. Cook specifically highlighted popularity among current iPhone users upgrading to a new one.<\/p>\n

Apple\u2019s Mac business grew the fastest of any of Apple\u2019s units during the June quarter, growing nearly 15% to $8.05 billion in revenue. Apple released updated MacBook Air laptops, its best-selling Mac, just before the quarter started.<\/p>\n

The company\u2019s services business, which includes Apple\u2019s warranties, content subscriptions, licensing deals with Google and iCloud continued to grow to $27.42 billion in the period, a 13% increase. Cook highlighted growth in the company\u2019s iCloud subscriptions and said App Store revenue grew \u201cdouble digits\u201d during the quarter.<\/p>\n

Cook said Apple views AI as \u201cone of the most profound technologies of our lifetime.\u201d<\/p>\n

\u201cWe are significantly growing our investments,\u201d Cook said about AI. \u201cWe\u2019re embedding it across our devices, across our platforms and across the company.\u201d<\/p>\n

\u201cWe\u2019re open to MA that accelerates our roadmap,\u201d Cook said. Apple had about $133 billion in cash on hand at the end of the June quarter.<\/p>\n

Asked about the potential for AI devices such as those being developed by OpenAI to threaten sales of the iPhone, Cook said he believed they were likely to be complements to the iPhone, not replacements. <\/p>\n<\/blockquote>\n

\u200e
The stock price is still rangebound. AAPL is up less than 2% after an all-time record third quarter. A notable AI acquisition or some other meaningful AI news would break that constraint.<\/p>\n

One question analysts failed to ask (likely because they\u2019d like to be invited to future conference calls) is a question one could imagine Steve Jobs would ask today were he able: If AI is \u201cone of the most profound technologies of our lifetime,\u201d then why is Apple years behind in AI?<\/p>\n

Cook finally sees it now because hindsight is 20\/20. For a company with the resources of Apple, a reactive CEO can<\/em> work, but the company needs to react when it misses things more quickly.<\/p>\n

It\u2019ll likely be two years<\/em> \u2013 an eternity in tech time \u2013 after Apple regaled us all with WWDC24 vaporware video of AI Siri before Apple finally releases its initial version of AI Siri in mid-2026.<\/p>\n

\n

\u200e <\/p>\n

<\/a>.<\/p>\n

<\/ins> <\/div>\n

Source link: https:\/\/macdailynews.com\/2025\/08\/01\/apple-notches-largest-revenue-growth-since-december-2021-mac-business-grew-the-fastest-during-the-june-quarter\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Apple announced third-quarter earnings on Thursday, surpassing Wall Street\u2019s profit and revenue forecasts. The Mac division led growth among Apple\u2019s segments in the June quarter, with iPhone sales rising 13% year-over-year and total revenue increasing 10%, marking the company\u2019s strongest quarterly revenue growth since December 2021. \u2022 Revenue: $94.04 billion vs. $89.53 billion expected \u2022…<\/p>\n","protected":false},"author":29,"featured_media":32045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-182308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-allnews"],"_links":{"self":[{"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/182308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/comments?post=182308"}],"version-history":[{"count":1,"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/182308\/revisions"}],"predecessor-version":[{"id":182309,"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/182308\/revisions\/182309"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/media\/32045"}],"wp:attachment":[{"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/media?parent=182308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/categories?post=182308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/midatlanticconsulting.com\/blog\/wp-json\/wp\/v2\/tags?post=182308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}