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Apple Beats Q4 Targets, Sets Services Record, Guides to Double-Digit Holiday Growth

Management forecasts its strongest December quarter on robust iPhone 17 demand despite recent supply limits and a delayed China rollout.

Overview

  • Apple reported September‑quarter revenue of about $102.5 billion and diluted EPS of $1.85, narrowly topping Wall Street estimates.
  • Services revenue hit a record roughly $28.75–$28.8 billion and iPhone revenue reached about $49.03 billion, a September‑quarter high.
  • Tim Cook said overall December‑quarter revenue should rise 10–12% year over year with double‑digit iPhone growth, targeting record holiday results.
  • Cook cited supply constraints on several iPhone 17 models and a later iPhone Air launch in China as factors that limited Q4 iPhone sales; Greater China revenue was $14.49 billion as tariffs added about $1.1 billion in costs with roughly $1.4 billion expected next quarter.
  • Shares rose in extended trading, lifting Apple’s market value above $4 trillion, and the board declared a $0.26 per‑share dividend payable November 13.