Apple Inc. today unveiled its fiscal second-quarter 2025 earnings report, revealing revenues of $95.4 billion and net income of $28.4 billion. CEO Tim Cook and CFO Luca Maestri hosted a conference call to address analysts' inquiries. Here are the highlights:

• Year-over-year revenue growth stood at 5%, with Greater China experiencing a 2.3% decline.
• iPhone revenue witnessed a 2% increase from the previous year.
• For the third fiscal quarter, overall revenue growth is projected to be in the low to mid-single digits.
• Apple is refining its supply chain, with tariffs having a minimal impact on performance.
• Approximately half of the iPhones sold in the US market are manufactured in India.
• The company plans to source $19 billion worth of chips from the US.
• Had it not been for currency exchange factors, Greater China sales would have remained flat.
• AI upgrades for Siri necessitate more time to achieve perfection.