Overview
- Revenue reached $143.8 billion with EPS of $2.84 and net income of $42.1 billion, as gross margin hit 48.2% for an all-time high quarter.
- iPhone revenue jumped 23% to $85.27 billion and Services set a record near $30.0 billion, lifting the installed base to about 2.5 billion active devices.
- Greater China sales rebounded roughly 38% to $25.53 billion, while Wearables missed expectations as AirPods Pro 3 demand exceeded supply.
- Apple projected March‑quarter revenue growth of 13%–16% year over year and said it is currently supply‑constrained on advanced chips and memory, with margins likely to face pressure.
- The AI push advanced through a confirmed Google Gemini partnership and a reported Q.ai acquisition valued near $1.6–$2 billion, alongside record R&D spending of $10.89 billion.