AAPLNASDAQVerification available in the app
Mundo Research
Apple Inc.: start with the evidence.
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Historical example ·
iPhone and Services drive Apple’s growth. Product margins lose ground.
What happened
Apple reported $94,036 million in revenue, up 10% year over year. iPhone added $5,286 million and Services $3,210 million compared with Q3 FY2024.
Risk to review
Product gross margin fell from 35.3% to 34.5%. Apple identifies tariffs and product mix as the main drivers: higher sales do not always leave more margin per dollar.
Apple · Q3 FY2025 10-Q, pp. 15–16An editorial sample with its own cutoff; it is not the current report and contains no current data.
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