Apple Inc. has announced its financial results for the fiscal second quarter of 2025, reporting a 5% year-over-year increase in revenue to $95.4 billion and a 8% rise in diluted earnings per share to $1.65. The company's services segment achieved a new all-time high, contributing significantly to the overall performance.
In response to ongoing trade tensions, Apple has adjusted its supply chain strategy. The majority of iPhones sold in the U.S. during this quarter were sourced from India, while iPads and other devices were produced in Vietnam. This shift aims to mitigate the impact of tariffs and diversify Apple's manufacturing footprint. CEO Tim Cook highlighted the importance of this strategy, stating, "Having everything in one location had too much risk with it."
Despite these strategic adjustments, Apple anticipates an additional $900 million in costs due to tariffs in the current quarter. The company continues to monitor the evolving trade landscape and remains committed to maintaining its financial health and operational efficiency.
Overall, Apple's Q2 2025 results reflect a proactive approach to navigating global economic challenges while sustaining growth across its product and services offerings.