Apple reported its strongest June quarter ever, posting $109.4 billion in revenue and topping analysts’ estimates of $108.65 billion. The results came from Cupertino, California, in what was described as the company’s final earnings report before a leadership change in September.

The quarter was powered by iPhone sales, which remained a key driver of Apple’s business. Tariff refunds also helped support the result, giving the company an additional boost as it closed out its fiscal third quarter.

The earnings update carries added weight because CEO Tim Cook is preparing to leave the role in September. That makes this report an important marker for investors watching both Apple’s financial performance and its upcoming executive transition.

By delivering a record June quarter and beating Wall Street expectations, Apple showed continued strength in one of its most closely watched reporting periods. The combination of iPhone demand and tariff-related benefits helped push revenue above forecasts at a pivotal moment for the company.