The iPhone manufacturer showed very solid financial results

In the third quarter of fiscal year 2024/2025, i.e. from April 1 to the end of June, Apple had consolidated revenues from sales of goods, services and technologies at the level of USD 94 billion, which means a year-on-year increase of 9.6%.

During this period, net income amounted to $23.43 billion, or $1.57 per share, compared with $21.45 billion, or $1.40 per share, a year ago.

Two data points are crucial for assessing the company's financial health and its future. Despite tensions in US-China trade relations, sales in China reached $15.37 billion (+4.4%).

An equally valuable indicator is global revenue from sales of new iPhone models, which exceeded $44.5 billion, a year-on-year increase of 13.5%. App Store, iCloud, and iTimes services brought in $27.43 billion (+13.3%).

- Apple has delayed the introduction of its virtual assistant Siri enhanced with artificial intelligence solutions and solutions for Apple Intelligence customers, and work on these projects is ongoing and will be completed soon - assured the company's CEO Tim Cook .

During a meeting with analysts, Apple's Chief Financial Officer Kevan Parekh reiterated his earlier assumptions of revenue growth in the fiscal year of 5-9%.

The strong quarterly results boosted Apple's stock price in pre-market trading in the United States. Apple's stock price was $211.05 per share, up $3.48, or 1.68%, from yesterday's close.