The company's quarterly revenue reached $114.48 billion with earnings of $2.10 per share, anchored by $57.58 billion in total smartphone sales. Mac revenue exceeded expectations at $10.79 billion due to increasing customer adoption of the hardware to host AI agents. However, broader financial momentum was tempered by softer demand elsewhere, as both iPad and wearables segments fell short of analyst projections.
Key points
Chief Executive John Ternus altered the traditional autumn hardware rollout to space out…: Chief Executive John Ternus altered the traditional autumn hardware rollout to space out product launches into next year.
High consumer demand has left the new foldable iPhone Duo sold out with unpredictable sup…: High consumer demand has left the new foldable iPhone Duo sold out with unpredictable supply timelines.
Revenue shortfalls in iPads and wearables partially offset strong revenue gains achieved…: Revenue shortfalls in iPads and wearables partially offset strong revenue gains achieved in the Mac and smartphone categories.
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Apple results beat Wall Street expectations on strong iPhone sales
SAN FRANCISCO, Nov 2 : Apple on Monday reported results that beat Wall Street expectations, driven by early demand for its iPhone 18 Pro lineup and price increases that helped offset the blow of rising memory-chip costs.
Apple said fiscal fourth-quarter sales were $114.48 billion, above analyst estimates of $113.39 billion, according to LSEG data. Profit for the fourth quarter was $2.10 per share, above analyst estimates of $1.99 per share even when excluding 5 cents per share from tariff refunds.
Apple shares were down roughly 1 per cent in volatile after-hours trading following the release of results.
The results come as Apple experiments with a string of firsts under new CEO John Ternus, who took over in September. After nearly two decades of launching most of its new iPhones each autumn, Apple this year is spacing those out, with iPhone Pro and Duo models shipping this year and other iPhone models expected next year.
Apple also released a bevy of new non-iPhone products in the current holiday shopping quarter,…
Investors in both semiconductor-related firms voiced immediate, sharp dissatisfaction following the announcement of an all-stock acquisition agreement. The combined pushback triggered an immediate decline in market value for the participating businesses on Monday. Such widespread opposition highlights significant skepticism regarding the proposed transaction's valuation and strategic merits.
Car manufacturers have formally aligned behind an administrative push to scale back established federal standards. This collective industry stance provides crucial backing to the federal government's policy shift away from stricter efficiency mandates. The unified position marks a strategic departure from previously enforced environmental benchmarks.
The Southeast Asian technology company updated its long-term targets to reflect sustained market appetite across its core operating sectors. Management expects higher consumer usage across transportation and food fulfillment to expand overall business performance. This strategic upgrade signals ongoing operational momentum as the platform continues to scale its regional operations through 2026.