Apple Inc. reported strong third-quarter sales, beating analyst estimates with revenue of $94 billion, a 9.6% increase. The company attributed this surge to improved iPhone sales and products in China. Analysts had predicted average sales of $89.3 billion.
However, Apple had initially projected a negative impact from tariffs during the period, expecting a $900 million headwind. Instead, the strong sales helped mitigate this impact, with revenue growing in the low- to mid-single digits as forecasted.
Source: https://www.bloomberg.com/news/articles/2025-07-31/apple-revenue-tops-estimates-on-strength-of-iphone-china-market