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Apple Delivers Solid Q3, Investors Await AI Roadmap
1 Aug
Summary
- Apple reports 10% revenue growth in Q3 2025
- Services revenue hits new record, up over 13% year-over-year
- Lack of updates on Apple's AI strategy tempers investor enthusiasm
In its Q3 2025 earnings report, Apple delivered solid financial results, with revenue rising 10% year-over-year to $94.04 billion and earnings per share increasing 12% to $1.57. The strong performance was driven by record iPhone sales, which grew 13.5% in the quarter, as well as a new all-time high for the company's services business, which saw revenue surge more than 13%.
Despite the positive financial metrics, the report was tempered by a lack of updates on Apple's artificial intelligence (AI) strategy. Investors have been closely watching the company's AI initiatives, as the technology has become a key battleground in the tech industry. While Apple CEO Tim Cook reaffirmed that AI is "one of the most profound technologies of our lifetime," he provided few details on the company's roadmap, leaving some investors disappointed.
Looking ahead, Apple expects revenue and services growth to continue in the current quarter, with guidance that suggests the company is performing better than Wall Street's expectations. However, the company's AI execution remains a key focus for investors, who are eager to see how Apple plans to compete in the rapidly evolving AI landscape.
