# Apple FYQ4 Revenue Tops Forecasts On iPhone Sales As New CEO John Ternus Steps Up

- URL: https://talkfuse.com/story/apple-fyq4-revenue-tops-forecasts-on-iphone-sales-as-new-ceo-john-ternus-steps-up/
- Published: 2026-11-02T21:48:11+00:00
- Updated: 2026-11-03T00:52:05+00:00
- Original publisher: Deadline
- Original article: https://deadline.com/2026/11/apple-iphone-fyq4-earnings-new-ceo-john-ternus-1237211541/
- Topics: Americas, Art, Business, Companies, Culture, Gadgets, Technology, World

## Key points

- Revenue rose 12%, led by iPhone sales.
- iPhone revenue reached $57.58 billion, up 17%.
- Investors await Ternus’s first outlook on the holiday quarter.

## Summary

Apple’s fiscal fourth-quarter revenue rose 12% and beat Wall Street forecasts, driven by strong iPhone sales and a sharp rise in Mac sales. The results matter as new chief executive John Ternus faces his first analysts’ call, with investors watching how he sets out Apple’s plans for AI, products and the holiday period.

iPhone revenue reached $57.58 billion, up 17%, though the quarter included only eight days of iPhone 18 Pro sales; the foldable iPhone Duo went on sale afterwards. Services revenue rose 9.8% to $31.57 billion, while iPad and Wearables sales fell short of expectations and Services was slightly below forecasts. Earnings per share benefited from a large tariff refund, and Apple also faces memory and storage shortages as it prepares for a full quarter of iPhone 18 demand and the Duo launch.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.