CompaniesNews date: Published by Svertok:
Apple's June-quarter revenue rose 16% to a record $109.4 billion
iPhone, Mac and Services set June-quarter records, while tariff refunds lifted reported margin and earnings.
Apple finished its June quarter with record revenue of $109.4 billion, up 16% from a year earlier. Diluted earnings per share rose 29% to $2.02. Apple also said iPhone, Mac and Services each set June-quarter revenue records.
The catch is in the margin. Apple said tariff refunds added about two percentage points to its 50.1% gross margin and $0.11 to diluted earnings per share. The refunds do not erase the underlying revenue growth; they mean the reported margin and earnings each include a separately disclosed refund contribution.
The quarter gives Apple watchers two separate baselines for what comes next: 16% revenue growth across several major businesses, and reported margin and earnings that included a disclosed tariff-refund benefit. Keeping those measures separate will make the next comparison more useful.
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