Apple's Q3 Earnings Report

👉 Business Highlights:

➡️ Achieved record June quarter revenue of $85.8B, up 5% YoY.

➡️ EPS growth of 11% YoY, reaching $1.40.

➡️ Nearly $29B in operating cash flow.

➡️ Returned over $32B to shareholders.

➡️ Installed base of active devices reached an all-time high in all geographic segments.

➡️ Announced updates to software platforms including Apple Intelligence at the Worldwide Developers Conference.

➡️ Declared a cash dividend of $0.25 per share.

👉 Business Segments:

➡️ Products: $61.564B, up from $60.584B last year.

➡️ Services: $24.213B, up from $21.213B last year.

👉 Regional Sales:

➡️ Americas: $37.678B, up from $35.383B last year.

➡️ Europe: $21.884B, up from $20.205B last year.

➡️ Greater China: $14.728B, down from $15.758B last year.

➡️ Japan: $5.097B, up from $4.821B last year.

➡️ Rest of Asia Pacific: $6.390B, up from $5.630B last year.

👉 Product Categories:

➡️ iPhone: $39.296B, down from $39.669B last year.

➡️ Mac: $7.009B, up from $6.840B last year.

➡️ iPad: $7.162B, up from $5.791B last year.

➡️ Wearables, Home, and Accessories: $8.097B, down from $8.284B last year.

➡️ Services: $24.213B, up from $21.213B last year.

👉 CEO Statement:

"Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago," said Tim Cook, Apple’s CEO. "During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system that puts powerful, private generative AI models at the core of iPhone, iPad, and Mac. We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work."

👉 CFO Statement:

"During the quarter, our record business performance generated EPS growth of 11 percent and nearly $29 billion in operating cash flow, allowing us to return over $32 billion to shareholders," said Luca Maestri, Apple’s CFO. "We are also very pleased that our installed base of active devices reached a new all-time high in all geographic segments, thanks to very high levels of customer satisfaction and loyalty."