Apple Posts Biggest Revenue Growth Since 2021 As iPhone Sales Surge, Mentions India As One Of 'Fastest Growing' Markets

Apple delivered its strongest quarterly growth in four years, reporting $94.04 billion (approximately Rs. 8.21 lakh crores) in revenue for the third quarter of fiscal 2025—a 10 percent year-over-year increase, and well above Wall Street’s expectations of around $89 billion (approximately Rs. 7.77 lakh crores). This marks the company’s highest growth rate since 2021, signaling a powerful rebound for the tech giant.

At its earnings call, Apple CEO Tim Cook noted that its fastest growing emerging markets for the iPhone include India. The Cupertino-based company also reported a net income of $23.43 billion (approximately Rs. 2.04 lakh crores) with diluted earnings per share (EPS) climbing to $1.57 (approximately Rs. 140), up 12 percent from $1.40 (approximtely Rs. 122) a year ago.

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The growth was driven largely by strong demand for iPhones and a booming services segment. iPhone sales rose 13 percent to $44.6 billion (approximately Rs. 3.89 lakh crores), accounting for nearly half of Apple’s total revenue. This spike is attributed to global promotions, improved AI-enabled features, and a resurgence in demand across key markets including the US and China.

Meanwhile, Apple’s services business hit a record $27.42 billion (approximately Rs. 2.39 lakh crores), growing 13 percent year-over-year. Services now contribute nearly 30 percent of the company’s revenue, encompassing platforms like iCloud, Apple Music, App Store, and Apple TV+.

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On the hardware side, Mac revenue saw a 15 percent boost, totaling $8.05 billion (approximately Rs. 70255 crores), thanks to a refreshed product lineup and educational demand. However, iPad sales dipped 8 percent to $6.58 billion (roughly Rs. 57411 crores), and Wearables, Home, and Accessories revenue declined by around 8–9 percent, indicating softer consumer interest in non-core devices.

Apple's quarterly results reflects Apple’s resilience and adaptability amid global headwinds, including tariffs and shifting consumer trends. The company highlighted ongoing investments in AI and Apple’s strategy to diversify supply chains to countries like India and mitigate geopolitical risks.

With robust results and strategic pivots underway, Apple’s Q3 FY2025 signals a strong upward trajectory after a period of flat growth—and sets the tone for what could be a transformational year ahead.

You can listen to the full earnings call here.