Apple reported strong Q3 results with revenue of $94.04 billion, beating estimates. Earnings per share were $1.57, exceeding expectations. Tariff-related costs were lower than expected at $800 million. Apple’s dominant hardware and services businesses provide a competitive edge. The company remains focused on AI integration, with plans to launch a personalized Siri next year. Revenue records were set in various regions, including China. Despite a year-to-date stock decline, Apple’s outlook for the September quarter is positive, with growth expected in services revenue. Apple aims to maintain its strong capital allocation strategy, returning over $27 billion to shareholders in the last quarter. Investors remain cautious pending more clarity on Apple’s AI initiatives.

Read more at CNBC: Apple’s killer quarter buys more time for the company to deliver clarity on AI