Apple: Growth Despite Tariff Headwinds

In a quarter marred by tariff talk, iPhone sales were stronger than expected, and the company returned to growth in China. Here's our initial take on Apple's (AAPL -0.68%) fiscal 2025 third-quarter financial report. Key Metrics | Metric | Q3 FY24 | Q3 FY25 | Change | vs. Expectations | | --- | --- | --- | --- | --- | | Revenue | $85.8 billion | $94.0 billion | 10% | Beat | | Earnings per share | $1.40 | $1.57 | 12% | Beat | | iPhone revenue | $39.3 billion | $44.6 billion | 13% | Beat | | Services revenue | ...