Overview
- Apple posted Q4 revenue of $102.47 billion and EPS of $1.85, edging past LSEG consensus.
- iPhone revenue of $49.03 billion missed forecasts as Greater China sales slipped to $14.49 billion after an e‑SIM rule delay pushed iPhone Air shipments there to Oct. 22.
- Tim Cook projected double‑digit iPhone growth and 10–12% total revenue growth for the holiday quarter, noting supply constraints on several iPhone 17 models.
- Services revenue reached a record $28.75 billion, while Macs ($8.73B), iPads ($6.95B), and Wearables/Home/Accessories ($9.01B) met or beat estimates.
- Apple highlighted ongoing AI investments, including AI servers shipping from Houston, and Bank of America lifted its price target to $320 on stronger iPhone 17 demand.