Apple posted a quarterly revenue of $94.9 billion, a 6% increase from the same period last year, boosted by strong iPhone sales following the iPhone 16 release. The iPhone alone contributed $46.22 billion in sales for the July–September period, underscoring its role as Apple’s key revenue driver.
The company noted its overall business performance in the September quarter set a new benchmark, generating nearly $27 billion in operating cash flow. This enabled Apple to return over $29 billion to shareholders through dividends and stock buybacks.
Earnings per share stood at $1.64, reflecting a 12% growth year-over-year. However, Apple said the results would have met analysts’ expectations if not for the European General Court’s recent reversal of a State Aid decision, which impacted the company’s financial position.
Among its product categories, the Mac performed well, ranking second with $7.7 billion in sales. The iPad followed with $6.9 billion, and wearables, including the Apple Watch, contributed $9 billion to quarterly sales.
Apple’s services segment, which includes its suite of online subscriptions, also grew. It posted a 12% increase from last year, adding nearly $25 billion in revenue and further diversifying the company’s income beyond hardware.
With solid sales across its devices and expanding services, Apple’s latest financial report indicates steady demand across its product ecosystem, benefiting from new releases and sustained customer engagement.