Overview
- Apple reported fiscal fourth‑quarter revenue of $114.48 billion and earnings of $2.10 per share, beating analyst estimates after the bell on Monday.
- iPhone sales led the beat with $57.58 billion in revenue, while services revenue was $31.57 billion and overall gross margin came in at 47.9 percent.
- Chief executive John Ternus said the iPhone Duo has strong demand but limited supply, that only a very small percentage of units have returned with cracked inner displays, and Apple is replacing affected devices.
- Apple said higher memory‑chip costs hurt margins but that price increases and inventory actions helped offset some of the impact for the quarter.
- Investors will now watch holiday‑quarter guidance, Ternus’s comments on Apple’s AI and revamped Siri, and how quickly Duo supply and memory costs normalize because those factors will shape near‑term growth.