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Micro-Retirement Is the Workplace Trend Growing Among Gen Z
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Apple Q3 2025 earnings call: Resilient Q3 performance amid tariffs

  • August 8, 2025
  • Roubens Andy King
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Apple continued to record growth in Q3 2025, setting a new June quarter revenue record. This performance was driven by the company’s expanding ecosystem, which continues to attract new customers while fostering deep loyalty. At its core, Apple prioritises privacy, personalisation, and accessibility across its products and services, a strategy that helps differentiate its offerings and sustain long-term growth.

Financial indicator Q3 2024 (US$ million) Q3 2025 (US$ million) Percentage change
Revenue 85,777 94,036 +9.6%
Products 61,564 66,613 +8.2%
Services 24,213 27,423 +13.3%
Net income  21,448 23,434 +9.3%
Diluted earnings per share (US$) 1.40 1.57 +12.1%

Revenue increased 9.6% year-on-year to US$94.0 billion, driven by growth across majority of the markets. Approximately one percentage point of the 10% revenue growth recorded was due to customers accelerating their purchases in April, likely influenced by concerns on prices over potential upcoming tariffs (principally on iPhone and Mac in the U.S.). Products revenue was driven by double-digit growth across iPhone and Mac. The June quarter was a record for upgraders across iPhone, Mac, and…

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