Apple beats earnings expectations

The iPhone maker reported earnings after the bell Thursday.

7/31/25 4:40PM

Apple beat analyst revenue and earnings estimates in its third quarter, which ended in June. After the market closed Thursday, the iPhone maker reported plenty of numbers that beat expectations:

🏦 Earnings per share of $1.57, compared with FactSet analyst consensus estimates of $1.43.
💵 Revenue of $94.04 billion, versus expectations of $89.35 billion.
📱 iPhone revenue came in at $44.6 billion, compared to the FactSet consensus of $40.1 billion.
☁️ Services brought in $27.4 billion, versus expectations of $26.8 billion.
🇨🇳 Greater China revenue was $15.37 billion, compared with analysts’ $14.9 billion.
🇺🇸 The Americas were a slight miss, with revenue coming in at $41.2 billion versus the expected $41.8 billion.

“Today Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services and growth around the world, in every geographic segment,” Apple CEO Tim Cook said in the earnings press release.

Investors have been waiting to see how tariffs, which were announced during this reporting period, would affect Apple’s financials. We’ll get specifics on tariffs during the earnings call today, but so far earnings were better than expected. Last quarter the company estimated that tariffs could add $900 million to its Q3 costs. Analysts have also been concerned with how the company plans to remedy what many consider its lagging artificial intelligence program.

Prior to the earnings report, the stock was down about 17% this year. The stock rose up 3% after-hours on the news before settling down to a roughly 1% gain.

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Apple and Meta are playing to their strengths in small business.

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$75B

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SpaceX, which could file confidential paperwork for its IPO as soon as this week, is now aiming to raise an astounding $75 billion through its pubic listing, The Information reports. That’s 50% higher than previous reports.

For comparison’s sake, the current record holder for money raised in an IPO is Saudi Aramco, which raised $29.4 billion. Or, as The Information noted, SpaceX’s IPO would “surpass all money raised by US IPOs last year.”

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Meta execs could make hundreds of millions of dollars — if the company reaches a $9 trillion valuation

Meta, which currently has a market cap of $1.5 trillion, has structured a new executive compensation program that implies a valuation up to 6x higher, according to Securities and Exchange Commission filings reported by The Wall Street Journal.

That means some top executives, like CTO Andrew Bosworth and CFO Susan Li, could gain hundreds of millions of dollars if the shares reach those levels, pointing to a roughly $9 trillion valuation by 2031. CEO Mark Zuckerberg is not part of the program, the company confirmed.

The company’s expenses grew 40% in the fourth quarter from a year earlier, largely driven by employee compensation after shelling out heavily to recruit AI talent. The latest plan suggests those costs could climb even further.

Meta Targets $9 Trillion Valuation With New Executive Incentive Program

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New Mexico jury orders Meta to pay $375 million in child sexual exploitation trial

Meta has been ordered to pay $375 million in civil penalties by a New Mexico jury after the company was found to have violated state consumer protection laws by enabling child sexual exploitation. Meta was accused of failing to protect underage users from adults seeking to harm them, which led to real-world abuse.

Meta has denied the allegations, and spokesperson Andy Stone posted on Threads:

“We respectfully disagree with the verdict and will appeal. We work hard to keep people safe on our platforms and are clear about the challenges of identifying and removing bad actors or harmful content. We will continue to defend ourselves vigorously, and we remain confident in our record of protecting teens online.”

Jury orders Meta to pay $375 mln in New Mexico lawsuit over child sexual exploitation, user safety

Meta has denied the allegations, and spokesperson Andy Stone posted on Threads:

“We respectfully disagree with the verdict and will appeal. We work hard to keep people safe on our platforms and are clear about the challenges of identifying and removing bad actors or harmful content. We will continue to defend ourselves vigorously, and we remain confident in our record of protecting teens online.”

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Reports: OpenAI winding down Sora as Altman focuses on data centers

The Wall Street Journal and The Information report that OpenAI is discontinuing its once viral Sora text-to-video generation app.

Sora debuted late last year and started off scorching hot, but quickly lost steam.

Per The Information report, CEO Sam Altman has told staff he is shifting responsibilities to focus on building data centers. He also will no longer directly oversee OpenAI’s safety and security teams. Altman shared with staff as well that initial development of OpenAI’s next AI model — code-named “Spud” — has been completed.

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