Apple Q3 2025 Earnings: iPhone and Mac Sales Expected to Rise, iPad Sales to Decline

Apple is set to report Q3 2025 earnings, with analysts expecting low growth. iPhone and Mac revenues are expected to be up, while iPad revenue will be down. The consensus view is a 3.7% growth in revenue, with a Zacks Consensus Estimate of $88.92 billion. Services revenue is expected to rise 11.3% to $26.96 billion. Investors will be keen to hear the company's expectations for the next quarter, particularly on the future of Apple Intelligence.

Apple is set to report its Q3 2025 earnings on July 31, with analysts expecting a relatively low growth rate. The consensus view is a 3.7% increase in revenue, with a Zacks Consensus Estimate of $88.92 billion [3]. The report will likely focus on the performance of the company's iPhone, Mac, iPad, and Services segments.

iPhone and Mac Revenues Expected to Rise

Analysts anticipate that iPhone and Mac revenues will increase year-over-year. The iPhone, which accounts for nearly half of Apple's income, is expected to see net sales of $40.61 billion, representing a 3.3% growth [3]. The Mac segment, which saw a market share increase to 9% in the second quarter of 2025, is expected to grow by 2.2% year-over-year to $7.16 billion [3].

iPad Revenue Expected to Decline

While iPhone and Mac revenues are expected to rise, iPad sales are anticipated to decline. The iPad segment, which accounted for 6.7% of fiscal third-quarter net sales in the previous quarter, is expected to see a 5.3% year-over-year decline to $6.78 billion [3].

Services Segment to Drive Growth

The Services segment, which includes Apple TV+, Apple Music, Apple Pay, and more, is expected to be a major driver of growth. With a growing installed base of devices and a subscriber base of over 1 billion, Services revenue is expected to rise 11.3% to $26.96 billion [1, 3].

Apple Intelligence: A Key Focus

Investors will be particularly interested in Apple's plans for Apple Intelligence, an advanced personal intelligence system integrated into iOS 18, iPadOS 18, and macOS Sequoia. The company's progress on this front has been slow, and analysts are eager to hear Apple's expectations for the next quarter.

Conclusion

Apple's Q3 2025 earnings report is expected to highlight the company's continued growth in the Services segment and its strong performance in the Mac market. While iPhone and Mac revenues are expected to rise, iPad sales are anticipated to decline. Investors will be closely watching Apple's plans for Apple Intelligence and the company's overall strategy for the coming quarters.

References:

[1] https://finance.yahoo.com/news/services-mac-ipad-fare-apples-164200302.html
[2] https://www.morningstar.com/news/dow-jones/202507306195/cgi-profit-slides-ai-boosts-revenue-growth
[3] https://9to5mac.com/2025/07/30/aapl-q3-2025-analysts-expect-low-growth-iphone-and-mac-up-ipad-down/