Apple beats expectations on the back of iPhone sales and China's surge

The company founded by Steve Jobs, Apple, has published its results for the third quarter of its current fiscal year. The company led by Tim Cook obtained $94.036 billion in revenue, a 10% year-over-year increase, exceeding the $89.53 billion estimated by the market, recording its highest revenue growth since December 2021. In addition, the company achieved net earnings of $84.544 billion, a figure higher than the $79 billion obtained in the same period in 2024. This translates into profits of $1.57 per share, higher than the $1.43 per share estimated by experts.

In terms of sales, the iPhone remains the company's flagship product. Sales of this device reached $44.582 billion, almost half of Apple's total revenue, up from the $39.296 billion recorded the previous year. This improvement was helped by increased sales in China, the company's third largest market.

Mac sales, meanwhile, increased to $8.046 billion compared to $7.009 billion in the third quarter of 2024. However, iPad sales declined, reaching $6.581 billion, down from $7.162 billion the previous year.

In addition, the company posted a gross margin of $43.718 billion, higher than the $39.678 billion it earned in the same period in 2024. All of this has convinced investors, as the company rose as much as 1.71% in after-hours trading.