Apple’s services revenue at all-time high as company reports $95.4bn revenue for Q2 FY25

Apple has announced strong financial results for its fiscal second quarter of 2025, which ended on March 29. The tech giant reported quarterly revenue of $95.4 billion, showing a 5 percent growth compared to the same period last year. During the company’s earnings call, Apple CEO Tim Cook credited the success to the launch of the iPhone 16e and new Mac and iPad models powered by Apple silicon chips. But the real star of the quarter was Apple’s services segment, which includes Apple TV+, Apple Music, and others. This category saw a double-digit jump to $26.64 billion.

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“Today Apple is reporting strong quarterly results, including double-digit growth in Services,” said Cook. “We were happy to welcome iPhone 16e to our lineup, and to introduce powerful new Macs and iPads that take advantage of the extraordinary capabilities of Apple silicon. And we were proud to announce that we’ve cut our carbon emissions by 60 percent over the past decade.”

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iPhones remained Apple’s top-selling product, bringing in $46.84 billion in revenue. Mac brought in $7.95 billion in revenue, while iPad generated $6.4 billion. Meanwhile, the Wearables, Home and Accessories segment earned $7.52 billion. Apple also set new quarterly records in various countries, including the UK, Spain, Brazil, India, and the Philippines.

“Thanks to our high levels of customer loyalty and satisfaction, our installed base of active devices once again reached a new all-time high across all product categories and geographic segments,” Kevan Parekh, Apple’s CFO said.

Apple remains optimistic about overcoming tariff challenges in the US and is actively exploring alternatives to China for iPhone production, with India expected to play a significant role. Additionally, the company plans to expand its retail footprint by opening more stores in key markets, including India.

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“In retail, in addition to the two stores we opened during the quarter, we’re also looking forward to a new retail store in the UAE, the arrival of the online store in Saudi Arabia, and new retail stores in India starting later this year,” Cook said. 

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Ayushi Jain

Tech news writer by day, BGMI player by night. Combining my passion for tech and gaming to bring you the latest in both worlds. View Full Profile