Apple Q3 Revenue Hits $109.4B, Up 16%, With New EU App Fees
AAPL sits 42% above its 52-week low of $223.78.
Summary
Apple reported Q3 revenue of $109.4B, up 16% year-over-year, with EPS of $2.02, Services revenue of $30.7B, and gross margin of 50.1%. The company also proposed new EU app-developer fees: 5% for apps via alternative stores/web, 15% for App Store apps linking to external payments, and 20% for apps using alternative payment processing. Analyst Gene Munster highlighted Siri improvements from a beta trial as positioning Apple as an AI opportunity. This follows Apple's recent AI push at WWDC and the EU's earlier decision to block Siri AI rollout in the region. The strong revenue growth and margin expansion, combined with the new fee structure, give traders concrete numbers to reassess Apple's near-term earnings power and regulatory exposure.
At the time of this announcement, AAPL was trading at $317.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.6T. The 52-week trading range was $223.78 to $344.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.