Q3 2025 Apple Inc Earnings Call Transcript
Key Points
- Apple Inc (AAPL) reported a June quarter revenue record of $94 billion, up 10% year over year.
- iPhone revenue grew 13% year over year, driven by the popularity of the iPhone 16 family.
- Mac revenue increased by 15% year over year, with strong performance in emerging markets.
- Services revenue reached an all-time high of $27.4 billion, up 13% year over year.
- Apple Inc (AAPL) is significantly increasing its investment in AI, embedding it across devices and platforms.
- Apple Inc (AAPL) incurred approximately $800 million in tariff-related costs for the June quarter.
- iPad revenue was down 8% year over year due to difficult comparisons with previous product launches.
- Wearables, Home, and Accessories revenue decreased by 9% year over year.
- The company expects $1.1 billion in tariff-related costs for the September quarter, impacting gross margins.
- Operating expenses increased by 8% year over year, reaching $15.5 billion.
Good afternoon, and welcome to the Apple Q3 fiscal year 2025 earnings conference call. My name is Suhasini Chandramouli, Director of Investor Relations. Today's call is being recorded. Speaking first today is Apple's CEO, Tim Cook, and he'll be followed by CFO, Kevan Parekh. After that, we'll open the call to questions from analysts.
Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes, capital allocation and future business outlook.
These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast, including risks related to the potential impact to the company's business and results of operations from macroeconomic conditions, tariffs, and other measures and legal and regulatory proceedings.
For more information, please refer to the risk factors discussed in
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