Overview
- Apple reported $102.5 billion in revenue and $27.5 billion in net income for the September quarter, with earnings of $1.85 per share and a 47.2% gross margin.
- iPhone revenue reached about $49.03 billion as several iPhone 17 models remained supply constrained, which executives said reflected underestimated demand with only a few days of sales captured.
- Services revenue hit an all-time high of $28.75 billion, providing significant support to profitability.
- India delivered an all-time revenue record, while Greater China declined about 4% year over year, which Apple attributed primarily to supply constraints and said it expects to return to growth.
- Apple projected December-quarter revenue growth of 10–12% with double-digit iPhone gains, absorbing about $1.4 billion in tariffs as shares rose and Goldman Sachs lifted its price target.