Strong iPhone demand and services revenue propelled Apple’s Q3 earnings

It was another record-breaking quarter for Apple as strong iPhone demand and revenue from its services were enough to overcome the global memory chip supply constraints that are plaguing the industry. Revenues stood at $109.4 billion - up 16% compared to last year. Net profits came in at $29.8 billion, which is a 27% lift from Q3,2025.

Apple had yet another strong quarter of iPhone demand with revenues reaching $54.2 billion for the three-month period ending on June 27, 2026. The figure represents a 21% rise compared to the same time last year.

The services division, which encompasses digital content, cloud, financial and advertising among others, continued its rise and hit the $30.7 billion mark. Apple also revealed it now boasts 1.5 billion paid subscriptions across its platforms.

Mac revenues saw a healthy 29% jump to $10.3 billion while iPad sales were slightly down to $6.2 billion. The wearables, home and accessories division saw a slight 7% bump up to $7.9 billion.

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