Apple Rakes in $114B as iPhone Sales Smash Expectations
iPhone revenue rose 17.5% to a record $57.6 billion, while Mac sales climbed 24% as Apple said AI demand is helping drive upgrades.
- Apple posted its best-ever fiscal year for revenue, though shares fell more than 3 percent in premarket trading yesterday after the company warned rising memory costs would squeeze profit margins in the holiday quarter.
- CEO John Ternus emphasized the company's AI opportunity on his first earnings call, though Apple spent just $2.2 billion on capital expenditures last quarter—a fraction of Amazon's $77.3 billion and Alphabet's $51.4 billion.
- Mac revenue climbed 24% to $10.8 billion, its highest level in four years, as the Mac Mini and Mac Studio gained traction for local AI processing among enterprises like Gap, which uses the computers for loss prevention.
- CFO Kevan Parekh cited a "wide range of ways that AI can contribute to revenue growth," including subscription fees and charges for expanded feature access as customers need more capacity.
- With more than 2.5 billion active devices, Apple remains positioned to profit from third-party AI services, though competitors like OpenAI are directing subscribers to pay through their websites to bypass App Store commissions.
13 Articles
13 Articles
Apple is all in on AI — its own and everyone else’s
Apple's latest earnings show how it's continuing to capitalize on the AI boom without busting its budget on the infrastructure spending consuming its competitors. Overall, Apple posted its best-ever fiscal year for revenue and earnings per share. iPhone and Mac sales continued to grow strongly in the fourth quarter. iPhone revenue rose 17.5% from a […]
Apple has exceeded the expectations of stock market professionals under the new CEO John Ternus. iPhone sales and Group revenues have reached record levels in the third quarter, but the share is still falling.
Apple has recorded a record quarter in terms of revenues generated by iPhone sales, although the latest update of the game did not include the launch of a standard model. According to the financial report published on Monday, the company obtained revenues of 57.58 billion dollars from the sale of iPhone phones, up 17% from the same period last year. Growth comes from the launch of the iPhone 18 series in September, which included the most expens…
Strong iPhone Sales Help Apple to Another Record Year
On Monday, Apple reported strong fourth-quarter earnings, capping off fiscal 2026 with several new records. Total sales of $114.5 billion marked a new September quarter high, bringing the annual total to $478.8 billion – a 15-percent jump over last year’s record. At $132 billion, Apple’s annual…
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