Apple Revenues Up 9.6 Percent to $94 Billion

Apple reported that it earned a net income of $23.4 billion on revenues of $94 billion in the quarter ending June 28, 2025. Those figures represent gains of 9.6 percent and 9.2 percent, respectively, year-over-year (YOY).

“Today Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac, and Services and growth around the world, in every geographic segment,” Apple CEO Tim Cook said. “At WWDC25, we were excited to introduce a beautiful new software design that extends across all of our platforms, and we announced even more great Apple Intelligence features.”

The iPhone was again Apple’s biggest business, with $44.6 billion in revenues and YOY growth of 13.5 percent. So the iPhone directly generated 47 percent of Apple’s revenues in the quarter.

Services was Apple’s second-biggest business, with $27.4 billion in revenues. If you accept that Apple’s Services business wouldn’t exist without the iPhone, then you might argue that the iPhone directly and indirectly contributed almost 70 percent of Apple’s revenues.

Of Apple’s remaining businesses, only the Mac grew, with $8 billion in revenues, a 15 percent gain over the same quarter one year ago. The iPad and Wearables, Home, and Accessories both fell short in the quarter, with the former delivering revenues of $6.6 billion, a decline of 8.1 percent YOY, and the latter landing at $7.4 billion, a decline of 8.56 percent YOY.