We’re just a day away from the AAPL Q3 2025 earnings report, covering April to June. Apple said it expected single-digit growth, and analysts expect this to be toward the lower end of the scale.
Digging into the detail, the consensus view is that both iPhone and Mac revenue will be up year-on-year, while iPad earnings will be down …
AAPL Q3 2025 revenue expectations
Apple saw revenue grow 5% year-on-year in fiscal Q2, and said we should expect similar in Q3. Analysts are slightly more pessimistic, with Yahoo! Finance reporting a consensus view of 3.7% growth.
The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $88.92 billion, indicating year-over-year growth of 3.67%. The consensus mark for earnings is pegged at $1.42 per share, up by a penny over the past 30 days. The estimate indicates a 1.43% increase from the year-ago quarter’s actual.
iPhone
The iPhone accounts for almost exactly half of the company’s income, coming in at 49.1% of net sales in the previous quarter.
The company has faced tough competition from local brands in China, but a report suggested a rebound last quarter following heavy promotion and inclusion in government price subsidy programs.
Analysts expect net sales of $40.61B, which would represent 3.3% growth year-on-year.
Mac
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