IPhone maker Apple said on the 30th (local time) that revenue hit a record high of $102.5 billion (146.4622 trillion won) in the third quarter (April–June, fiscal year fourth quarter), with earnings per share at $1.85 (2,643 won).
Quarterly revenue topped the market forecast of $102.2 billion (146.0335 trillion won) compiled by market research firm LSEG. Earnings per share also beat the estimate of $1.77 (2,529 won).
Revenue from the iPhone institutional sector and the services institutional sector (iCloud, Apple Music, etc.) reached $49.03 billion (70.0589 trillion won) and $24.97 billion (35.6796 trillion won), respectively, both hitting record highs.
However, iPhone institutional sector revenue fell somewhat short of the market estimate of $50.19 billion (71.7164 trillion won).
Apple CEO Tim Cook told CNBC that "consumer response to the iPhone 17 lineup launched last month is beyond imagination," but "several models are facing supply constraints."
IPad institutional sector revenue was $6.95 billion (9.9315 trillion won); the Mac institutional sector, including desktops and laptops, was $8.72 billion (12.4626 trillion won); and other products such as Apple Watch, AirPods, and Vision Pro recorded $9.04 billion (12.9199 trillion won).
Cook said the company did not raise product prices despite U.S. government tariff impositions. He said, "We kept the prices as they would be without the tariff," and noted, "We are absorbing the tariff burden in gross margin."
Apple, which closes its books in September, also logged a record high for annual revenue (October last year–September this year) of $416 billion (594.3808 trillion won). .
Cook expected this growth trend to continue in the next quarter (October–December). He said, "In the next quarter, we will post an annual growth rate of 10–12%, and iPhone revenue is also expected to see double-digit growth," adding, "It will be the best quarter in Apple's history."
Apple's board of directors on the day approved a cash dividend of $0.26 per common share. The dividend will be paid to shareholders of record on the 10th of next month.