Apple reported fiscal third-quarter results that topped Wall Street expectations, helped by strong demand for iPhones and Macs. The company said revenue for the quarter ended June 27 rose 16.4% to $109.42 billion, ahead of analyst estimates compiled by LSEG.
The results also came in above Apple’s own outlook, which had pointed to revenue growth in the 14% to 17% range. Profit exceeded expectations as well, giving the company another quarter of stronger-than-forecast performance.
A key driver was continued customer spending on iPhones and Mac products, including MacBooks. The latest numbers suggest Apple was able to maintain momentum even as consumer electronics prices have been rising across the broader market.
For investors, the report reinforces how central the iPhone and Mac businesses remain to Apple’s overall financial strength. Beating both market forecasts and its own guidance highlights resilient demand for the company’s devices in the latest quarter.
