Apple crushes earnings expectations, but stays mum on a major asset originally appeared on TheStreet .
Apple (Nasdaq: AAPL) reported its third-quarter earnings on July 31, beating Wall Street expectations on almost every front — from profit and revenue to iPhone sales and gross margins.
The tech giant posted earnings per share (EPS) of $1.57, well above the expected $1.43, and $94.04 billion in revenue, exceeding forecasts of $89.53 billion. This marks Apple's largest quarterly revenue growth since December 2021.
"It was an exceptional quarter by any measure," said CEO Tim Cook, speaking to CNBC after the report dropped.
Apple's most important business — the iPhone — led the charge. iPhone revenue surged 13% year-over-year to $44.58 billion, boosted in part by strong sales of the iPhone 16, which Cook said saw "strong double-digit" growth over its predecessor.
Investors are keeping an eye on the tech behemoth for another reported addition. A new Fortune report revealed that Apple is in early discussions with fellow tech giants Airbnb and Google to introduce stablecoins, aiming to bring them into the mainstream for facilitating cross-border payments and reducing trading costs.
Stablecoins could enable Apple to maximize transaction fees around the world, sources say — an indication that the technology company is making bigger moves into digital finance.
Analysts, however, are not expecting a huge revenue boost, as Trump has threatened a 25% tax on iPhones unless they are made in the US, resulting in margin pressure on quarter three and quarter four.
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Apple also has uncertainty around its $20 billion-per-year agreement with Google, which is at risk as a judge considers how to rule in the DOJ's antitrust case, as per reports .
Reports also mention analysts like BofA's Wamsi Mohan say the attention will be on margin performance and iPhone revenue, which they see rising slightly to $39.8 billion.
While Apple has not directly entered the crypto industry, it has eased up previous restrictions on crypto applications. Further, as of May, Apple Pay also supports stablecoin transactions with payment service provider, Mesh. The integration allows consumers to spend USDC and USDT at checkout and convert them to fiat in real-time.
Apple crushes earnings expectations, but stays mum on a major asset first appeared on TheStreet on Jul 31, 2025
This story was originally reported by TheStreet on Jul 31, 2025, where it first appeared.
