Energy News
INTERNET SPACE
Sales of 'services' help Apple beat earnings forecasts
Sales of 'services' help Apple beat earnings forecasts
By Glenn CHAPMAN
San Francisco, United States (AFP) Oct 30, 2025

Apple on Thursday reported profit of $27.5 billion in the recently ended quarter, powered by iPhone and services revenue.

The net income, along with revenue of $102.5 billion, beat market expectations, despite a hefty financial hit from US tariffs and a slight ebbing of revenue in China when compared with the same period a year earlier.

"Apple is very proud to report a September quarter revenue record," chief executive Tim Cook said in a release.

Apple shares were up more than 2 percent in after-hours trade that followed release of the earnings figures.

Overall sales of iPhones, the heart of Apple's business, fell shy of market expectations, bringing in $49 billion in an increase from the same quarter last year.

The slight miss in iPhone revenue was still "encouraging given the successful iPhone 17 line-up launch" in September, CFRA Research vice president Angelo Zino said in a note to investors.

Apple's services business, which sells digital content and subscriptions to users of its coveted gadgets, generated $28.8 billion in revenue, an increase of some $3 billion from the same quarter last year.

Analyst Zino described the performance of Apple's services business as "standout."

"These results come at the close of an extraordinary year for Apple in which we achieved an all-time revenue record of $416 billion for the fiscal year," Cook said.

"We set an all-time revenue record for iPhone, and in services we achieved all-time records across every geographic segment."

Cook predicted that the current fiscal quarter would be the best ever for Apple.

Cook touted the latest Apple devices and the tech giant's custom chips and efforts to enhance products and services with artificial intelligence.

"As we continue to expand our investment in AI, we're bringing intelligence to more of what people already love about our products and services," Cook said on an earnings call.

"At the heart of it all is Apple silicon...these incredibly advanced chips make Apple products the very best place to experience the power of AI."

- Smarter Siri? -

Apple has been under pressure to show it is not being left behind when it comes to artificial intelligence, with the potential to change how people engage with the internet and computers.

Cook touted new "Apple Intelligence" features such as real-time language translation during iPhone calls and promised to release a more personalized Siri digital assistant next year.

Demand for several iPhone 16 and iPhone 17 models outstripped supply, in the quarter, and Apple remains "constrained" on some models, according to executives.

Not being able to meet demand was cited by Cook as among reasons for sales in China coming in lower that the market expected.

Cook expects sales in China to pick up in the current quarter as supply improves.

"That is largely based on the reception of the iPhone there," Cook said.

"I couldn't be more pleased with how things are going (in China)."

Apple Chief Financial Officer Kevan Parekh said the company's gross margin was higher than forecast in the quarter, despite about $1.1 billion in tariff-related costs.

Trump's tariffs have cost Apple near $2 billion in the last two fiscal quarters, according to earnings figures.

Apple kept prices of iPhones unveiled last month unchanged from last year's equivalent models, raising concerns about its profit margin given the added expense.

Related Links
Satellite-based Internet technologies

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
INTERNET SPACE
New imaging method sharpens electron microscope resolution beyond atomic limits
Los Angeles CA (SPX) Oct 15, 2025
Researchers at the University of Victoria (UVic) have developed a new imaging method that dramatically enhances the resolving power of electron microscopes, allowing scientists to observe atomic-scale structures with unmatched precision while using lower-cost, lower-energy instruments. Led by Arthur Blackburn, co-director of UVic's Advanced Microscopy Facility, the team achieved sub-Angstrom resolution - less than one ten-billionth of a meter - on a compact, low-energy scanning electron microscope ... read more

INTERNET SPACE
EU in race against time to agree climate emissions target

Russia batters Ukraine energy sites with deadly aerial strikes

EU leaders lay out conditions for emissions target deal

Russian strikes hit Ukraine gas facilities, sparking outages

INTERNET SPACE
Amid renewable-energy boom, study explores options for electricity market

Robotic construction to streamline solar farm builds

Light it up: Battery particles tell the true story of a battery's charge

New molten salt repair process recycles high-performance electric vehicle batteries

INTERNET SPACE
S.Africa seeks to save birds from wind turbine risks

Vertical wind turbines may soon power UK railways using tunnel airflow

Danish wind giant Orsted to cut workforce by a quarter

French-German duo wins mega offshore wind energy project

INTERNET SPACE
Advances in semi-transparent solar cell technology drive future energy solutions for buildings

DGIST research team advances eco-friendly solar cell efficiency using rapid temperature control

Solar research team targets safer future for solar panels and groundwater

Solar powered leaf shows path to defossilised chemical industry

INTERNET SPACE
Electrabel Selects Framatome to Modernize Tihange 3 Nuclear Reactor Rod Control System

US government inks $80 bn nuclear 'partnership' for AI

New study maps radioactive pollutant transport in northern South China Sea

Google unveils plan to restart US nuclear plant to power AI infrastructure

INTERNET SPACE
Illinois team creates aviation fuel from food waste with circular economy benefits

Industrial microbe enables conversion of carbon monoxide to ethanol

Revolutionary microbe enables resilient renewable energy from food waste

Finnish carbon-neutral ferry aims to set global benchmark for shipping

INTERNET SPACE
Hydrogen production made possible with treated wastewater

World-first liquid hydrogen aviation tanks refuelled for milestone step in zero-emission flight

European court clears Norway of climate misconduct over oil licences

Norway faces European court climate ruling over oil licences

INTERNET SPACE
Climate change, poor planning drive Vietnam flooding

100 US local leaders will attend COP30 in 'show of force'

Tens of thousands in climate march before Dutch vote

UN chief calls for 'fight' against climate disinformation

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.