Apple's revenue exceeded Wall Street expectations, but the service sector was disappointing, and U.S. stocks fell more than 4% after the market closed.
Apple reported second-quarter revenue on Thursday that exceeded Wall Street expectations, but the company's closely watched services division performed worse than expected. Apple's fiscal 2025 Q2 revenue was $95.36 billion, while LSEG expected $94.66 billion. iPhone revenue was $46.84 billion, StreetAccount estimated it was $45.84 billion; Mac revenue was $7.95 billion, StreetAccount estimated it was $7.77 billion; iPad revenue was $6.4 billion, StreetAccount estimated it was $6.2 billion. Wearables, home and accessories revenue was $7.52 billion, StreetAccount estimated it was $7.95 billion. Service revenue was $26.65 billion, StreetAccount estimated it was $26.7 billion. Apple's services division includes revenue from iCloud subscriptions, services such as Apple Music and Apple TV+, warranties and search licensing agreements. Apple's U.S. stocks fell more than 4% after the market.
