Overview
- Revenue rose 16% to $143.8 billion with EPS of $2.84, topping estimates on a best‑ever iPhone quarter of $85.27 billion and record Services of $30.01 billion.
- Apple’s installed base exceeded 2.5 billion active devices as gross margin hit 48.2%, with rising memory costs not yet showing a material impact.
- Greater China revenue jumped 38% to $25.53 billion with iPhone records and strong Android switchers, while India posted double‑digit growth across products.
- Wearables, Home and Accessories revenue of $11.49 billion missed forecasts as AirPods Pro 3 faced supply constraints; Mac trailed expectations and iPad outperformed.
- Operating cash flow neared $54 billion as Apple returned about $32 billion to shareholders and declared a $0.26 dividend, while advancing AI via Google’s Gemini integration and a reported Q.ai acquisition.