Overview

• Apple reported $94.04 billion in fiscal Q3 revenue and earnings per share of $1.57, topping Wall Street projections.
• iPhone sales rose 13.5% to $44.58 billion, with about one percentage point of growth from customers buying ahead of potential tariffs.
• Services revenue reached a record $27.42 billion, led by App Store transactions and streaming offerings.
• Apple warned of up to $900 million in tariff-related costs and confirmed accelerated shifts of U.S.-bound production to India and Vietnam.
• Qualcomm forecasted Q4 revenue between $10.3 billion and $11.1 billion on rising AI chip demand, and Microsoft’s Azure-driven earnings pushed its market value above $4 trillion.