Apple’s profits in the third quarter exceed the estimates of Wall Street star-news.press/wp

Apple profits have exceeded Wall Street, due to the high sales of iPhone and their services in the third financial quarter.

IPhone Maker announced profits for $ 1.57, an increase of 12 % on an annual basis, at $ 94 billion of revenues, an increase of 10 % year on an annual basis, after the bell on Thursday. It was reported that net sales of the Americas worth $ 41.19 billion and net sales in China worth $ 15.36 billion.

IPhone sales received $ 44.58 billion, while net sales received $ 27.4 billion.

In its profit report, the company also announced the distribution of $ 0.26 cash dividend per share of common Apple shares.

“Today Apple is proud to report a record in Quarter’s revenues in June with two numbers in iPhone and Mac, services and growth around the world, in every geographical sector,” Tim Cook, CEO in a statement.

Zacks expected research Apple will report $ 88.92 billion, indicating 3.67 % growth year, along with arrow profits per $ 1.42. The analysts surveyed by FactSet estimated that the technology giant will have a medium price goal of $ 229.43. Expect Apple to report $ 1.43 $ 1.43 with revenues of $ 89.36 billion, Baron I mentioned.

Although the Apple Topping Wall Street estimates for the third financial quarter, the customs tariffs and artificial intelligence plan in the company are still the highest concerns.

His share was at $ 207.57 after the market was closed, after opening it at $ 208.49. About 3 % after the Apple profit report increased. Its stock has decreased nearly 15 % so far this year.

“This was a major step in the right direction of Cook and Cupertino with China, the star of the show,” analysts of Wedbush said in a statement after the profits came out. “It is now time to address the elephant in the room … the artificial intelligence strategy that is still absent while the rest of the technology world focuses on the revolution of artificial intelligence quickly warp.”

The profits come as investors are still concerned about the Apple position in the artificial intelligence race. The company’s struggles of artificial intelligence were presented at the developer conference around the world in June, where artificial intelligence ads were seen widely compared to competitors such as Google.

A Bloomberg report Earlier this month I found that Apple had Its artificial intelligence technology seat Instead, use human or Openai technology to run the Siri update due next year. Apple has offered the new AI features in TV ads before its launch was postponed until 2026. At the end of June, Apple claim was filed by shareholders to provide it in Siri’s artificial intelligence functions, Reuters mentioned.

While artificial intelligence challenges waved on the horizon, Apple found some bright points in their Chinese works this quarter. Apple sales in China Finally see some growthAnd if it is not enough to push the company to the lead in the country’s smart phone market. A recent report found that iPhone sales in the second quarter of Apple put the smartphone product that rules in the market in the fifth rank in the Chinese market, and is behind its largest Chinese competitor, Huawei.

In addition to the complications of Chinese Apple, commercial tensions that threaten the manufacturing of the company. China, where Apple manufactures many of its products, is currently 30 % tariff.

The financial losses of the commercial war became clear during a profit call on Thursday, When Cook revealed Apple has absorbed $ 800 million in customs tariff costs during the June quarterly, less than the previous company of $ 900 million as of May. In the future, Cook warned that Apple might face $ 1.1 billion in customs tariff expenses in the general quarter if the current policies remain unchanged.

The United States is in talks with the country Re -negotiation on a commercial deal By Friday. Apple provides its operations from China to India, with a goal Build all iPhone devices in India in India By the end of 2026, India is still negotiating with the United States on a new tariff rate. On Wednesday, President Donald Trump Threaten 25 % on the country.

Jefferies analysts project Apple may end 18 % of iPhone 17s in India in the second half of 2025.