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Apple reported a 20% increase in profit to $101.464 million, marking its first time surpassing Nvidia as the world's most valuable company, according to wire material received from Efe. The company's revenue reached $364.357 million over the first nine months of its fiscal year, a 16% increase compared to the same period last year. This growth was primarily driven by sales of iPhone and Mac, followed by the company's services.

The surge in revenue was observed across all geographic markets, with a 16.4% increase reported in the third fiscal quarter that ended on June 27, reaching $109.420 million. This performance surpassed analyst expectations of a 15.5% increase to $108.650 million. Apple had anticipated growth between 14% and 17% for these sales.

In the third fiscal quarter, Apple's net profits reached a record $29.789 million, a 27% increase compared to the same period in 2025. This translated to a profit of $2.02 per share, with $0.11 per share attributed to U.S. government tax refunds. Even excluding these refunds, Apple's profits exceeded Wall Street's predictions of $1.89 per share, as reported by Reuters.

The iPhone's 21.7% sales increase, totaling $54.250 million in the third quarter, outpaced analyst predictions of $53.860 million, according to LSEG data. This was Apple's highest quarterly iPhone sales in history, occurring at a time when sales typically slow as customers anticipate new models in the fall. However, Apple's customers accelerated iPhone purchases after a global chip shortage forced the company to raise prices on Macs and iPads.

Apple's CEO, Tim Cook, stated that the main supply constraint during the third quarter was a chip manufacturing scarcity, particularly affecting Apple's Mac line, which saw a 29% sales increase despite price hikes for those models.