Apple Reports Q3 Revenue $109.42 Bln
Apple beats revenue estimates
Story updates
08:31:08 PM UTC
SquawkNews
APPLE 3Q REV. $109.42B, EST. $108.85B *APPLE 3Q EPS $2.02, EST. $1.89 *APPLE 3Q MAC REVENUE $10.35B, EST. $8.62B *APPLE 3Q IPHONE REVENUE $54.25B, EST. $53.6B
08:32:02 PM UTC
SquawkNews
AAPL FISCAL Q3 REVENUE $109.4B, EPS BEAT INCLUDES TARIFF REFUNDS • Revenue: $109.42B vs $108.65B est, beat • EPS: $2.02 vs $1.89 est, beat, includes a favorable $0.11 impact from tariff refunds • Gross margin: 50.1% vs 47.92% est, beat, includes about 2 percentage points from tariff refunds • iPhone: $54.25B vs $53.86B est, beat • Services: $30.74B vs $31.22B est, miss • Mac: $10.35B vs $8.74B est, beat • iPad: $6.19B vs $6.92B est, miss • Wearables, Home and Accessories: $7.88B vs $7.82B est, beat • Greater China: $18.82B vs $19.67B Visible Alpha est, miss Dividend: $0.27 per share.
09:04:00 PM UTC
SquawkNews
Apple reported third fiscal quarter revenue of $109.42 bln, up 16.4% YoY and marginally above the $108.65 bln consensus. EPS was $2.02, including $0.11 from a tariff rebate; adjusted EPS exceeded the $1.89 estimate. iPhone sales rose 21.7% to $54.25 bln, beating the $53.86 bln forecast and setting a Q3 record. Global memory-chip shortages lifted Mac and iPad prices this quarter, which the company says prompted earlier iPhone purchases; Apple has not raised iPhone list prices but the Street generally expects price increases at the September launch. Greater China revenue was $18.82 bln versus $19.67 bln expected. Apple shares fell about 4% in after-hours trading.
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