Apple Q2 profit hits $24.8 billion as Services and iPhone sales push revenue to $95.4 billion

Apple

Apple has posted solid numbers for the second quarter of its 2025 fiscal year, with $95.4 billion in revenue, marking a 5% year-over-year growth. Net income also rose, pushing earnings per share to $1.65, up 8% compared to last year.

CEO Tim Cook credited the strong quarter to the launch of the iPhone 16e, alongside new Mac and iPad models powered by Apple silicon. He also noted the company’s continued focus on sustainability, saying Apple has cut carbon emissions by 60% over the past decade.

A standout performer this quarter was Services, which grew by double digits to $26.64 billion, reinforcing Apple’s shift toward recurring revenue. iPhone sales remained dominant at $46.84 billion, suggesting strong demand for the iPhone 16e. Cook also pointed to a rising device install base and high customer satisfaction as key long-term growth drivers.

As far as revenue breakdown from different categories is concerned, it was the iPhone which led the way. In the quarter, revenue from iPhone was $46.84 billion whereas Mac and iPad contributed $7.95 billion and $6.4 billion respectively. The revenue from Wearables, Home and Accessories segment stood at $7.52 billion.

Apple also returned $29 billion to shareholders, thanks in part to $24 billion in operating cash flow, CFO Kevan Parekh said. That’s despite looming tariff-related cost pressures — especially for AppleCare and accessories still sourced from China.

Apple’s installed base of devices hit another all-time high across all major product lines and regions, suggesting continued momentum heading into the second half of 2025.