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Apple FYQ4 Revenue Tops Forecasts On iPhone Sales As New CEO John Ternus Steps Up
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.
In short
- 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.
Explained simply
Apple is a US technology company best known for the iPhone, alongside its Mac computers, iPads and wearable devices. It also earns money from services such as the App Store and subscriptions. Its financial year ends in September, so its fourth quarter covers the summer months.
John Ternus has taken over as chief executive, the person responsible for leading the company. Investors often listen to a new chief’s first calls with analysts for clues about business priorities, including plans for artificial intelligence, upcoming products and the holiday shopping season.
Apple’s results can affect suppliers, workers and investors, as well as the wider technology industry. Demand for its devices and services, and its ability to secure components such as memory and storage, shape how much it can make and sell.
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