Reported by 2 outlets

Apple rides new iPhone 18 Pro lineup to record earnings

Macworld

The story so far

AI summary of the reporting below · Updated · How we work

Apple delivered strong financial results for its fiscal fourth quarter ending September 30, posting total revenue of $114.5 billion, a 12 percent rise over the same quarter last year. Growth was driven largely by smartphone sales following the launch of the iPhone 18 Pro, which helped generate roughly 17 percent higher iPhone revenue compared to the year-ago period. While Macworld lists iPhone revenue at 57.5 billion, The Verge notes the figure reached $57.58 billion. [1][2]

The quarter incorporated around two weeks of iPhone 18 Pro preorders and sales, alongside price hikes on older models, but excluded initial orders for the new folding iPhone Duo that went on sale on October 16. Mac earnings also surged 25 percent year-over-year to $10.8 billion thanks to the M6 Mac mini and M5 Ultra Mac Studio. Meanwhile, Apple surpassed $30 billion in Services revenue for the first time on roughly 10 percent growth. [1][2]

Not every hardware line shared in the gains. CEO John Ternus nevertheless characterized the performance as capping Apple's best fiscal year ever, with high-profile hardware releases slated to arrive in time for the upcoming holiday quarter. [1]

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2 outlets
An iPhone lies face down on a table, revealing the Apple logo.The Verge
[2] The Verge

Apple set an iPhone sales record even without a new standard iPhone

Apple had a record-breaking quarter for iPhone sales - despite not releasing a standard model during its latest refresh. In its fourth-quarter earnings report released on Monday, Apple says it earned $57.58 billion in iPhone revenue, a 17 percent jump from the same time last year. The increase in revenue follows the launch of Apple's…

via The Verge
Read at The Verge

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