Apple's financial report for July-September showed a revenue increase of 6%, totaling $94.9 billion, primarily driven by strong iPhone sales across all geographic segments.
Despite the overall revenue uptick, the company's net income decreased by 35% year-over-year, largely due to a €14.3 billion retroactive tax payment to Ireland.
Tim Cook highlighted that iPhone sales achieved a September revenue record, benefiting from the launch of the iPhone 16, which was available for just ten days of the quarter.
All product categories saw sales increases, except for wearables, which declined moderately by 3%, suggesting a shift in consumer priorities.
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