Apple Q3 Revenue Surges on iPhone, China Rebound

Apple Inc. posted its fastest quarterly revenue growth in over three years, with fiscal third-quarter revenue rising 9.6% to $94 billion, driven by a 13% increase in iPhone sales and a 4–5% rebound in Greater China. The company achieved record upgrade numbers for iPhones and Macs in China, supported by government-backed subsidies, and CEO Tim Cook noted the iPhone had the top three models in urban China. New customer growth for Macs and other products contributed to the strong results. Despite ongoing U.S.-China trade tensions and AI-related challenges, Apple’s earnings per share reached $1.57, exceeding analyst predictions, and its stock rose in after-hours trading. Apple is mitigating tariff impacts by shifting production to India and Vietnam. The company expects revenue growth in the mid- to high-single digits for the next quarter, as its global active user base and upgrade cycles remain robust amid competition and regulatory challenges.