Apple CEO Tim Cook Emma McIntyre/WireImage Share on Facebook Share on X Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment iPhone maker Apple, led by CEO Tim Cook, delivered revenue of $94.04 billion for a third quarter of 2025 overshadowed by tariff concerns as the tech giant shifts device production from China to India. The tech giant's overall revenues, up 10 percent year-on-year, surpassed Wall Street expectations after an analyst consensus estimate from Bloomberg forecast Apple would post revenue of $89.22 billion. Apple's services segment, which includes Apple TV+, Apple Music, Apple Arcade and other products, posted overall revenue of $27.4 billion, up 13 percent from a year-earlier $24.2 billion. Key iPhone sales were $44.6 billion during the latest quarter, a 13 percent rise from a year-earlier $39.2 billion, in part as consumers accelerated purchases amid fears tariffs may force up device prices. Related Stories TV Owen Wilson's Golf Comedy 'Stick' Renewed for Season 2 at Apple TV Seth Rogen and Rose Byrne Will Make You Laugh Out Loud in 'Platonic' Season 2 Trailer The iPhone maker reported net income of $23.4 billion, up from $21.4 billion in 2024, and earnings per-share came in at $1.57, a rise from a year-earlier $1.40. During an after-market analyst call, Apple execs are expected to discuss a potential impact on demand for its products from the U.S.-China trade war and how successful the tech giant has been shifting its supply chain costs to India to avoid tariffs on Chinese imports. Besides tariff exposure concerns over iPhone production amid the India pivot, Apple also faces investor worry over regulators getting set to rule on its default search deal with Alphabet subsidiary Google. Wall Street is also looking for Apple's artificial intelligence strategy a day after Meta and Microsoft released their own earnings with major AI gains from significant investments, and Apple is expected to show how it will keep pace with its own upcoming AI-driven innovations, including writing tools and a more personalized Siri virtual assistant. "We see AI as one of the most profound technologies of our lifetime. We are embedding it across our devices and platforms and across the company. We are also significantly growing our investments," CEO Cook told analysts during a post-market conference call. Apple CFO Kevan Parekh, echoing Cook, told analysts the tech agent's rise in capital expenditures year-on-year was going mainly into AI investments. Regarding Apple's tariff exposure, Cook told analysts his company faced around $800 million in tariff-related costs during the third quarter. For the current fourth quarter, he forecast another $1.1 billion in tariff-related costs. "This estimate should not be used to make projections for future quarters, as there are many factors that could change, including tariff rates," Cook added as visibility into 2026 remained uncertain as tariff rates may change. Asked how Apple will offset the higher tariff-related costs forecast, Cook said the tech giant was looking to supply chain suppliers for cost savings and will invest over $500 billion in the U.S. over the next four years. "We do a lot in this country, in the United States, and we've committed $500 billion, and we're always looking to do more," Cook argued as he attempted to step softly around questions from analysts over continuing tariff costs from sourcing manufactured products in China, India and other countries worldwide. Cook also on the analyst call touted Apple's Formula One movie, F1, starring Brad Pitt and Damson Idris and directed by Joseph Kosinski. He called the tentpole "the summer's most unforgettable blockbuster." THR Newsletters Sign up for THR news straight to your inbox every day Subscribe Sign Up THR, Esq Former Netflix Executive Alleges Gender Bias and Sexual Harassment in Lawsuit Roku Roku Delivers Stronger Than Expected Platform Revenue, Raises Outlook Shari Redstone "Forever Grateful": Shari Redstone Signs Off As Paramount's Owner Ahead of Skydance Deal Close Theater Broadway's $400 Million Tax Credit Ran Out of Money. It May Come Back, But With an Asterisk THR, Esq 'Top Gun: Maverick' Copyright Lawsuit Over Screenplay Credit Dismissed Podcasts Bobbi Althoff Signs Off From 'The Really Good Podcast' THR, Esq Former Netflix Executive Alleges Gender Bias and Sexual Harassment in Lawsuit Roku Roku Delivers Stronger Than Expected Platform Revenue, Raises Outlook Shari Redstone "Forever Grateful": Shari Redstone Signs Off As Paramount's Owner Ahead of Skydance Deal Close Theater Broadway's $400 Million Tax Credit Ran Out of Money. It May Come Back, But With an Asterisk THR, Esq 'Top Gun: Maverick' Copyright Lawsuit Over Screenplay Credit Dismissed Podcasts Bobbi Althoff Signs Off From 'The Really Good Podcast'