Apple's Revenue Soars on iPhone 16 and Strong Market Performance
TL;DR
Apple reported a strong fiscal third quarter with $94 billion in revenue, driven by record iPhone sales and a 13% increase in Services revenue to $27.4 billion. CEO Tim Cook highlighted the success of 'F1: The Movie,' which grossed over $500 million, and praised the growth of Apple TV+ and its original content, including 'Severance' with 81 Emmy nominations. Shares rose 2% after hours.
- Apple CEO Tim Cook Applauds ‘F1’ & ‘Severance’ As Tech Giant Posts Solid Quarter Deadline
- Apple reports biggest revenue growth since December 2021 CNBC
- Apple revenue forecast beats estimates, tariff costs projected at $1.1 billion Reuters
- Apple Growth Rebounds on Strength of iPhone 16 Line, China Yahoo Finance
- Apple Surprises Investors Worried That It Had Lost Its Touch The New York Times
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