According to Jin10, Apple (AAPL.O) reported third-quarter revenue of $109.42 billion, exceeding the market expectation of $108.65 billion; earnings per share came in at $2.02, above the expected $1.89 after excluding a $0.11 tariff rebate. iPhone sales reached $54.25 billion, surpassing the expected $53.86 billion. Revenue from Greater China amounted to $18.82 billion, below the expected $19.67 billion; service revenue stood at $30.74 billion, falling short of the expected $31.22 billion. Apple (AAPL.O) shares fell 4% in after-hours trading.
Apple's Q3 revenue and earnings exceed expectations, but China and services revenue fall short.
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Summary
Apple (AAPL.O) reported Q3 revenue of $109.42 billion, exceeding the $108.65 billion forecast. Earnings per share were $2.02, excluding a $0.11 tariff refund, above the $1.89 estimate. iPhone sales reached $54.25 billion, surpassing the $53.86 billion target. However, revenue from Greater China declined to $18.82 billion, below the $19.67 billion forecast, and service revenue came in at $30.74 billion, falling short of the $31.22 billion estimate. The crypto market’s Fear & Greed Index remains volatile as Apple’s stock dropped 4% after hours.
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