On August 1, Apple unveiled its financial results for the third fiscal quarter of 2025. Despite the challenges posed by escalating US tariffs, the company achieved a remarkable total revenue of $94.04 billion as of June 28, marking a 10% year-over-year increase. iPhone sales surpassed expectations, recording a 13% growth in revenue. The Greater China market exhibited notable growth, with a 4% year-over-year increase in revenue. Additionally, the Mac business remained robust, posting a nearly 15% year-over-year revenue growth. In recognition of these achievements, Apple CEO Tim Cook acknowledged government subsidies as 'significantly beneficial' to the company's performance in the region.
