What was Apple's revenue in the fiscal third quarter?

Apple's revenue for the fiscal third quarter was $102.5 billion.

Which segment drove Apple's growth in Q3?

Apple's Services segment was the key growth driver, generating an all-time high revenue.

What is Apple's outlook for the December quarter?

Apple management guided for 10-12% revenue growth in the December quarter.

Home / Business and Economy / Apple's Services Surge Powers Record Growth

Apple's Services Surge Powers Record Growth

6 Dec

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Summary

Apple reported a fiscal third quarter revenue of $102.5 billion, up 7.9% year over year.
Services revenue reached an all-time high of $28.8 billion, growing 15% year over year.
The company maintained a robust balance sheet with $132 billion in cash and returned $24 billion to shareholders.

Apple's Services Surge Powers Record Growth

Apple Inc. announced impressive fiscal third-quarter results, surpassing expectations with revenue climbing to $102.5 billion, a 7.9% increase from the previous year. The company's Services segment was a standout performer, achieving a record $28.8 billion in revenue, marking a 15% year-over-year growth. This segment's ongoing strength in areas like the App Store and cloud services highlights Apple's strategic shift towards predictable, high-margin cash flows.

Growth was observed across multiple product lines, with iPhone revenue increasing by 6% to $49 billion, driven by strong demand, particularly in emerging markets like India and Latin America, despite supply constraints in China. Mac revenue saw a significant 13% jump to $8.7 billion, supported by new M5-powered devices. Apple also reported a record $29.7 billion in free cash flow and maintained a healthy balance sheet with $132 billion in cash.