Logo of Apple
Apple reported positive financial results for the second quarter of 2025, though sales in China fell by more than 2% due to ongoing trade tensions between Washington and Beijing. 
Commenting on the company’s financial performance, CEO Tim Cook described this performance as strong driven by an over 11% year-on-year (YoY) rise in services revenue.
In an interview with CNBC, Cook noted that half of the iPhones sold in the US are already manufactured in India, while most of Apple’s other products come from Vietnam.
He added that Apple continues to manufacture the vast majority of its products intended for markets outside the United States in China.
Cook said thatthe vast majority of Apple products for markets outside the US will continue to come from China.
Apple’s board of directors declared a dividend of 26 cents per share, marking a 4% year-over-year increase, with payments set to be made on May 15.
The board also approved a new stock buyback program worth up to $100 billion. Cook added that the company remains committed to consistently increasing its annual dividend.
Q2 2025 Financial Results
Item
Q2 2025
Q2 2024
Forecasts
YoY Change
Net Revenues
($ bln)
95.359
90.753
94.66
+5.1%
Profits
($ bln)
24.78
23.636
—
+17.5%
Adjusted EPS ($)
1.65
1.53
1.63
+7.8%
Operating Income
($ bln)
29.589
27.9
—
+6%
Device Sales
($ bln)
68.714
66.886
67.76
+2.7%
Services Sales
($ bln)
26.645
23.867
26.7
+11.6%
iPhone Sales
($ bln)
46.841
45.963
45.84
1.9%
China Sales
($ bln)
16
16.372
—
(2.26%)
Logo of Apple
Apple reported positive financial results for the second quarter of 2025, though sales in China fell by more than 2% due to ongoing trade tensions between Washington and Beijing.
Commenting on the company’s financial performance, CEO Tim Cook described this performance as strong driven by an over 11% year-on-year (YoY) rise in services revenue.
In an interview with CNBC, Cook noted that half of the iPhones sold in the US are already manufactured in India, while most of Apple’s other products come from Vietnam.
He added that Apple continues to manufacture the vast majority of its products intended for markets outside the United States in China.
Cook said thatthe vast majority of Apple products for markets outside the US will continue to come from China.
Apple’s board of directors declared a dividend of 26 cents per share, marking a 4% year-over-year increase, with payments set to be made on May 15.
The board also approved a new stock buyback program worth up to $100 billion. Cook added that the company remains committed to consistently increasing its annual dividend.
Q2 2025 Financial Results
Item
Q2 2025
Q2 2024
Forecasts
YoY Change
Net Revenues
($ bln)
95.359
90.753
94.66
+5.1%
Profits
($ bln)
24.78
23.636
—
+17.5%
Adjusted EPS ($)
1.65
1.53
1.63
+7.8%
Operating Income
($ bln)
29.589
27.9
—
+6%
Device Sales
($ bln)
68.714
66.886
67.76
+2.7%
Services Sales
($ bln)
26.645
23.867
26.7
+11.6%
iPhone Sales
($ bln)
46.841
45.963
45.84
1.9%
China Sales
($ bln)
16
16.372
—
(2.26%)
