Apple Q3 revenue rose 10% to $94B. But buybacks were cut and tariffs rise, growth may hinge on buybacks, not momentum.

Apple delivered $94 billion in revenue in Q3 2025, up nearly 10 percent year‑on‑year, and posted earnings per share of $1.57, above expectations. “Apple shares fell after the company trimmed its stock buyback program … ‘The $100 billion buyback announced is below the $110 billion announced a year ago, which we found as a …

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