5 Highlights from Apple’s Q3 2025 Earnings Call

Apple blew away analyst expectations this week when it posted the highest gains over analyst estimates in four years. While the company typically surpasses predictions by analysts, the margin this time around hit a record-setting level of nearly five percent.

That’s especially surprising in the light of the challenges the company has been facing with increasing tariffs. Still, it’s also fair to say that those same issues may have left analysts tempering their expectations. In other words, it’s not clear if the markets were setting a lower bar, but Apple outperformed those expectations either way.

Apple’s third fiscal quarter is also typically a more awkward one for the company. It runs from April to June, straddling the annual Worldwide Developers Conference (WWDC), and while it rarely features any significant new hardware releases, the fact that these do sometimes appear can skew the year-over-year numbers.

This quarter brought us no new products, which means that sales would have been coasting on momentum from the iPhone 16e, refreshed iPads, and the new M4 MacBook Air that debuted in February and March, which was toward the end of Apple’s second fiscal quarter. Nevertheless, that was likely enough, as Apple saw significant global growth in key areas.

Today Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services and growth around the world, in every geographic segment. At WWDC25, we were excited to introduce a beautiful new software design that extends across all of our platforms, and we announced even more great Apple Intelligence features.

Tim Cook, Apple’s CEO

Beyond the formal announcement of earnings and revenue, the call that follows with investors and analysts often provides some interesting insights into Apple’s strategic direction and future plans, and this week was no exception. Read on for 5 interesting things that came out of yesterday’s earnings call.