Apple’s chief executive had a film to tout on a quarterly call fro the first time in a while, telling Wall Streeters the company was “thrilled to release F1 in theaters around the the world” and calling it “one of the summer’s most unforgettable blockbusters.”
F1: The Movie released June 25 with Warner Bros. distributing has grossed over $500 million globally.
The Brad Pitt-starring film by Joseph Kosinski capitalized on the growing popularity of the sport in the U.S. has seen Apple reportedly poised to win actual F1 rights away from Disney/ESPN. Cook wasn’t asked and didn’t address that on a call with analysts after earnings.
Apple’s entertainment business lives in its Services division with a Music, Games, the App Store and so many other assets that it’s hard to excavate any film or TV financials. Services revenue hit a record $27.4 billion in the June quarter up 13%.
Cook cited “very positive trends” in the June quarter with Apple TV+ up “strong double digits … on the strength of the highest rated original content of any streaming network.”
He likes to total the nominations and wins for shows which did hit a record 81 Emmy noms and, he noted, saw Severance leading the drama pack with 27. “It’s amazing to see how this and other Apple shows have captured the popular imagination.
That’s it.
Apple’s quarter saw a boost from stronger than expected iPhone sales, which jumped to $44.5 billion from $39.3 billion.
The tech giant reported revenue of $94 billion for its fiscal third quarter, up 10% from the year before, and quarterly diluted earnings per share of $1.57, up 12%.
“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,” said Cook, “At WWDC25, we were excited to introduce a beautiful new software design that extends across all of our platforms, and we announced even more great Apple Intelligence features,” he said referring to the annual Worldwide Developers Conference.
The shares are up 2% after market on the numbers.
