Apple, the world’s leading company in market capitalization since it took that top spot from Nvidia earlier this week, announced this Thursday, at the close of Wall Street, that during the first nine months of its fiscal year, it achieved a net profit of 101.464 billion dollars (88.015 billion euros), 20% more than in the same period last year.
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In these three quarters, the company’s accumulated revenue rose to 364.357 billion dollars (316.062 billion euros), 16% more year-on-year, mainly due to sales of the iPhone, the Mac, and thirdly the services offered by the company. This revenue increase also occurred in all geographic markets.
Regarding only the third fiscal quarter data, ended June 27, these sales increased by 16.4% to reach 109.420 billion dollars. This is a better performance than expected by analysts’ forecasts, which pointed to a 15.5% increase to 108.650 billion dollars, according to LSEG data. These results are also within the high range of Apple’s own forecast, which had estimated sales growth between 14% and 17%.
In this third quarter, Apple’s net profits reached a record 29.789 billion dollars (26.112 billion euros) between April and June, representing a 27% advance compared to the same months in 2025. This represented earnings of 2.02 dollars per share, of which 11 cents corresponded to tariff refunds from the U.S. government. But even excluding these refunds, Apple’s profits exceeded Wall Street’s forecasts of 1.89 dollars per share, Reuters indicates.
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Record iPhone sales in a third quarter
The main driver of Apple’s results was a 21.7% increase in iPhone sales, reaching 54.250 billion dollars in the third quarter, surpassing analysts’ forecasts of 53.860 billion dollars, according to LSEG data. These iPhone sales were the best in Apple’s history for a third quarter, a period in which phone sales usually begin to slow as customers wait for new models in the fall. But this year, Apple customers rushed to buy iPhones after a global shortage in memory chip supply pushed Apple to raise prices on its Macs and iPads.
So far, Apple has saved its flagship product, and Wall Street analysts increasingly expect Apple to raise iPhone prices around its annual fall launch event in September.
In an interview with Reuters, Apple CEO Tim Cook said the main supply constraint Apple had during the third quarter was a shortage in the advanced chip manufacturing technology industry used to produce the Apple Silicon chips at the heart of its devices. Cook said this was particularly true for the company’s Mac line, whose sales grew 29% thanks to the strength of the entry-level MacBook Neo and the high-end MacBook Pro despite price increases for those models.
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