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Apple posts stronger-than-expected Q4 results

Summarised from 2 outlets · Updated 3 Nov, 00:38 · Archive

Apple reported revenue of $114.5bn for the fiscal fourth quarter, exceeding analyst expectations.

Apple Inc reported fiscal fourth quarter revenue of $114.5 billion, or $2.10 per share, for the July-September period, beating analyst expectations of $113.4 billion in revenue and $1.99 per share. The company's earnings represented a 12 per cent increase from $102.5 billion and $1.85 per share in the same period a year earlier. Apple said its earnings included 5 cents per share from tariff refunds.

The solid results gave new CEO John Ternus, who began his tenure in September, an upbeat start. Apple bucked a downward trend affecting other tech giants this quarter, as Alphabet, Amazon and Intel posted disappointing quarterly results.

Apple recently increased prices for its products, with the iPhone 18 costing about $100 more than earlier generations, partly due to a global memory chip shortage brought on by the artificial intelligence boom. Emarketer analyst Jacob Bourne said Apple's strong earnings came amid a tech sell-off driven by investor concerns about the cost and uncertain returns of the AI boom. Bourne noted that record iPhone revenue and strong growth in China demonstrated the resilience of Apple's business, and that Apple's 'tepid approach' to AI infrastructure spending helped preserve cash flow compared with competitors facing investor uncertainty over massive AI investments.

Apple posts stronger-than-expected Q4 results
Image: The West Australian

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How it is being reported

In this story: Apple · John Ternus · Alphabet · Amazon · Intel · China · Cupertino · Jacob Bourne

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log