Apple Inc (NASDAQ:AAPL) posted solid Q3 results, beating both revenue and earnings estimates. Growth returned in Greater China, with iPhone and Mac sales leading the way—both posting strong double-digit gains globally. The Services segment continued its strong performance, setting a new quarterly record of $27.4 billion in revenue and providing a meaningful contribution to margins. Paid subscriptions across Apple’s ecosystem have now surpassed 1 billion.
There were declines in iPad and Wearables, Home, and Accessories, but these are cyclical categories, so it’s not yet a red flag—though worth watching in future quarters. Once again, management avoided providing meaningful updates on AI. Questions during the Q&A were largely sidestepped, with executives claiming the need for discretion around strategic plans.
Apple’s presentation materials remain minimal and hard to digest. For a company renowned for making user experiences intuitive, it’s surprising how unfriendly the investor experience remains, requiring detailed note-taking during the live call just to keep up. It is almost like it is purposeful.
For more details, key highlights, and commentary, check out the high-level earnings summary.
