Palantir tops third-quarter revenue estimates on strong AI software demand

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  Higher average selling prices propelled the tech giant to unprecedented mobile revenues despite the absence of an entry-level handset refresh. The introduction of the iPhone 18 Pro lineup and price increases across older hardware successfully offset rising component costs and supply pressures. These gains, coupled with resilient computing hardware sales, shielded the company from weakness in its tablet segment.

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• Apple reports Q4 revenue from Services, which includes the App Store, Apple TV, Apple Music, iCloud, and more, grew 10% YoY to $31.57B, vs. $31.58B est. (Loree Seitz/The Wrap)

  The Cupertino tech giant demonstrated sustained expansion across its digital platforms, despite missing market projections by a razor-thin margin. This double-digit growth trajectory highlights the continuing monetization of the company's vast active device ecosystem through ongoing subscription and platform fees.

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• Apple Q4: iPhone up 17% YoY to $57.58B, vs. $56.54B est., Mac up 24% to $10.8B, iPad down 10% to $6.2B, and Wearables, Home, and Accessories down 8% to $8.3B (Marcus Mendes/9to5Mac)

  Strong quarterly demand for flagship hardware helped the tech giant surpass market expectations despite persistent headwinds in other consumer categories. Robust sales of personal computers and handsets offset simultaneous pullbacks in connected lifestyle devices and tablets. The performance underscores how central core product lines remain in insulating overall hardware earnings.

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