Military Space News
INTERNET SPACE
Apple profit beats forecasts on strong iPhone sales
Apple profit beats forecasts on strong iPhone sales
By Glenn CHAPMAN
San Francisco, United States (AFP) July 31, 2025
Apple on Thursday reported quarterly profit of $23.4 billion, topping forecasts despite concerns about the effect of US tariffs on its supply chain.

Revenue was $94 billion for the usually slow quarter ending in June, the iPhone maker said.

"Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services and growth around the world, in every geographic segment," said Apple chief executive Tim Cook.

Apple shares were up more than two percent in after-market trading.

Revenue from iPhone sales during the quarter was $44.6 billion, compared with $39.3 billion in the same period a year earlier, according to Apple.

Global shipments of smartphones fell marginally to 288.9 million units in the recently-ended quarter, according to market-tracker Canalys.

Samsung was the largest vendor, shipping 57.5 million smartphones, while Apple finished second with iPhone shipments down two percent at 44.8 million units, Canalys reported.

"Apple's performance showed strong resilience amid fierce competition in China and an inventory correction in the US as it adjusted to the rapidly changing tariffs," the market tracker said in its findings.

Cook said that the Trump tariffs cost Apple $800 million in the quarter that just ended and are expected to cost the iPhone maker $1.1 billion in the current quarter.

"Assuming the current global tariff rates, policies, and applications do not change for the balance of the quarter, and no new tariffs are added, we estimate the impact to add about $1.1 billion to our costs," Cook said.

Tariffs are essentially a tax paid by those importing goods to the United States. This means Apple is on the hook for tariffs on iPhones and other products or components it brings into the country from abroad.

- More in US -

Cook said that most iPhones sold in the United States now come from India as Apple works to navigate US President Donald Trump's trade war with China.

Trump has taken aim at India with a 25 percent duty to begin Friday -- slightly lower than previously threatened -- after talks between Washington and New Delhi failed to bring about a trade pact.

Apple's tariff cost is up because sales are up, according to Cook.

"In terms of what we do to mitigate, we obviously try to optimize our our supply chain," Cook said of managing the tariff hit.

"Ultimately, we will do more in the United States; we've committed $500 billion investment in the US over the next four years."

Tit-for-tat exchanges have seen hefty US levies imposed on China, with Beijing setting retaliatory barriers on US imports.

Sales of iPhones in mainland China were $15.4 billion in the quarter, compared with $14.7 billion in the same period a year ago, according to Apple.

Revenue in Apple's services business selling digital content and subscriptions to fans of its devices grew to $27.4 billion in the quarter, Apple reported.

"The results show that Apple's iPhone strategy is working to offset the impact of looming challenges with AI development timelines, tariff pressures, and Google's antitrust issues," said Emarketer analyst Jacob Bourne.

"The company's successful pivot to iPhone manufacturing in India, demonstrates supply chain flexibility, while its return to iPhone growth in China and continued services segment expansion, including deeper financial services offerings, show diversification beyond hardware."

Related Links
Satellite-based Internet technologies

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
INTERNET SPACE
Google must open Android to rival app stores: US court
San Francisco, United States (AFP) July 31, 2025
A US federal court ruled Thursday that Google must open its Android operating system to rival app stores, after the internet giant lost an appeal in an antitrust case filed by Fortnite maker Epic Games. The ruling clears the way for the Epic Games shop to operate within the Google Play Store despite the latter's requirement that apps use Google's payment system, which collects commissions on transactions. US Ninth Circuit Court Judge Margaret McKeown said in an opinion that a panel of justices d ... read more

INTERNET SPACE
Israel military intercepts Huthi missile fired from Yemen; Gaza civil defence says Israel strikes kill 30

Germany seeks US guarantee before sending Patriots to Ukraine

Israel says intercepted missile fired from Yemen

Space Force general to oversee U.S. 'Golden Dome' missile shield

INTERNET SPACE
Death toll from Russian strike on Kyiv rises to six: Ukraine

22 killed in Russian overnight attacks; Ukraine prison, hospital hit

US approves $4.67 bn sale of air defense system to Egypt

Romania to buy Israeli air defence systems for over 2 bn euros

INTERNET SPACE
African armies turn to drones with devastating civilian impact

Russia faces intense barrage of drones, shutting down Moscow airports

Iraq says drones that struck military radars are foreign-made

Russia fires hundreds of drones at Ukraine, defying Trump warning

INTERNET SPACE
SES and Luxembourg to expand military satcom with next generation GovSat2

GovSat selects Thales Alenia Space to build secure satellite for military communications

ALLSPACE to Develop 5G NTN Satcom Integration with ESA Funding

Quantum Secure Space Tech Partnership Launched by Space TS and Synergy Quantum

INTERNET SPACE
US 'moving at haste' to get Ukraine weapons: envoy

Finnish MPs approve withdrawal from anti-mine treaty

Use of US bunker-buster bomb looms over Iran conflict

B61-13 gravity bomb reaches first production milestone ahead of projected timeline

INTERNET SPACE
EU states seek 127 bn euros under defence loan scheme

Italy's Leonardo says to buy Iveco Defence for 1.7 bn euros

BAE Systems profit jumps as govts hike defence spend

US announces $4 bn loan guarantee for Poland military purchases

INTERNET SPACE
China says to hold military drills with Russia in August

Kremlin says 'committed' to peace in Ukraine after Trump's new deadline

Europe hopes for 'no surprises' as US weighs force withdrawals

Georgia hosts NATO drills despite cooling ties with the West

INTERNET SPACE
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.