Overview
- Apple reported fiscal Q4 revenue of $114.5 billion and diluted EPS of $2.10 in results published Monday, beating Wall Street forecasts and setting September-quarter records for total revenue, iPhone revenue and EPS.
- iPhone sales were the main driver with $57.58 billion in the quarter, and Apple’s new foldable iPhone Duo—released after the quarter closed—has sold out online while remaining supply-constrained and prompting a small number of returns for inner-display cracking that Apple is repairing or replacing.
- Services hit an all-time high of $31.57 billion and Mac revenue rose sharply, with the company saying active device bases reached new records and Mac sales benefited from demand tied to AI workloads.
- Apple said tariff refunds lifted gross margin by about one percentage point and added roughly $0.05 to EPS for the quarter but warned that unprecedented memory-chip and flash price inflation will push down gross margin to the mid-45 percent range in the December quarter.
- The board declared a $0.27 per share cash dividend payable November 16, and CEO John Ternus used his first call to defend recent price increases, detail higher inventories tied to the memory shortage, and signal that product cadence and supply constraints will shape holiday results.