Apple's Q3 Revenue Surges 16% as iPhone 18 Pro Sales Skyrocket

Apple Inc. (AAPL) has announced its quarterly revenue for Q3, which stood at $109.4B, marking a 16% year-over-year increase.

The tech giant also revealed that it began selling the iPhone 18 Pro on September 18th, with record-breaking sales and services revenue.

CEO John Ternus is reportedly cutting middle managers to speed up product cycles beyond spring and fall, while expanding device projects and streamlining roles to improve engineer-to-exec links.

Apple has also shifted around 25% of its global iPhone production to India, using the country as an export hub for U.S.-bound iPhones, thereby expanding its manufacturing footprint and market presence.