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Apple Sees Record Earnings, Strong iPhone 17 Demand

11/3/2025

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Story summary
  • Apple reported record quarterly earnings, with services revenue up 15% to $28.8 billion.
  • The iPhone 17 shows strong demand, with sales up 14% in the U.S. and China.
  • Apple Chief Executive Officer Timothy D. Cook cited supply constraints while remaining optimistic about Greater China.
  • Cook projected a return to growth in Greater China this quarter.
  • Apple expects 10-12% holiday-season growth and plans displays and updates ahead of its 50th anniversary.