Apple Q3 earnings beat estimates: Profit at $23.4 billion despite tariff headwinds, iPhone sales soar
Apple on Thursday, despite the concerns about the impact of US tariffs on the supply chain on the supply chain, completed the estimates and reported a profit of $ 23.4 billion every three months.
The iPhone manufacturer said that the income for a slow quarter in June was $ 94 billion.
“Apple, iPhone, Mac and every geographical segment of the world with services and growth in the world with a double -digit growth in the world is proud to report the June quarter -quarter income record.” He said.
Apple shares increased by more than two percent in post -market transaction.
According to Apple, income from iPhone sales in the quarter was $ 44.6 billion compared to $ 39.3 billion in the previous period.
According to Market-Tracker Canalys, the global posts of smartphones in the recent quarter, marginalized in the recent quarter fell 288.9 million.
Canalys, Samsung’s largest seller 57.5 million smartphones sent, Apple iPhone posts fell by 44.8 million percent of the two percent fell.
“Apple’s performance showed a strong resistance in the midst of an inventory correction in the US, as Apple’s performance was compatible with violent competition in China and rapidly changing tariffs.” He said.
Cook said Trump tariffs cost Apple $ 800 million in the new quarter.
Cook, in the previous call for earnings, most iPhone sold in the United States said that US President Donald Trump will come from India while trying to visit the trade war with China.
India is rising, but China is still leading production
According to Sunday viewers, iPhones produced in the mainland are still the majority of China’s shipments, while production in India is increasing.
Talks between Trump, Washington and New Delhi targeted India with a 25 percent mission to start on Friday after being unable to bring a trade agreement.
In the taste of the stock exchanges, the US taxes imposed on China, and Beijing identified retaliation barriers in US imports.
China iPhone sales rose
According to Apple, iPhone sales at the Chinese mainland were $ 15.4 billion in a quarter, compared to $ 14.7 billion a year ago.
Apple, Apple’s Services Business Digital Content and Subscriptions Sales Enterprise income, reached $ 27.4 billion in a quarter.
