Apple Inc. shares rose nearly 4 percent in after-hours trading on Thursday after the company reported stronger-than-expected earnings, driven by robust demand for its new products.
The Silicon Valley company posted a profit of $29.6 billion on revenue of $111.2 billion for the recently ended quarter, exceeding Wall Street expectations. Apple also issued a higher-than-expected growth forecast and announced a large share buyback programme.
Demand for the new iPhone 17 and MacBook Neo helped drive results, with Mac sales surpassing estimates due to strong performance in the lower-priced laptop segment.
Chief Executive Officer Tim Cook said iPhone sales slightly missed estimates due to chip supply constraints, even though underlying demand for the iPhone 17 remained strong.
Apple also reported solid growth in its services business and stronger-than-expected sales in China. However, the company warned that rising chip costs could pressure margins in the coming quarters.
Photo: File/Customers purchase the newly launched iPhone 17 series and accessories at the Apple Store, Select Citywalk Mall, Saket, in New Delhi on Friday, September 19, 2025.
