Apple results beat Wall Street expectations on strong iPhone sales
Apple exceeded Wall Street expectations in its fourth quarter, posting a record September quarter driven by surging sales of the Mac and iPhone. Profits grew 12 percent despite concerns regarding component prices. The results mark the first major financial test for new CEO John Ternus. While iPhone 18 sales were a primary focus for investors, the company warned on November 2 that rising memory chip costs may pressure gross margins during the upcoming holiday quarter.
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- ✓ Apple's profit grew 12 percent.
- ✓ Apple results beat Wall Street expectations due to strong iPhone sales.
- ✓ John Ternus is the new CEO of Apple.
- ✓ Apple posted a record September quarter with surging Mac and iPhone sales.
What changed
Apple reported a 12 percent profit increase and record September quarter results under new CEO John Ternus.
Live updates
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Apple Beats Wall Street Expectations with Record September Quarter
Apple exceeded Wall Street expectations in its fourth quarter, posting a record September quarter driven by surging sales of the Mac and iPhone. Profits grew 12 percent despite concerns regarding component prices. The results mark the first major financial test for new CEO John Ternus. While iPhone 18 sales were a primary focus for investors, the company warned on November 2 that rising memory chip costs may pressure gross margins during the upcoming holiday quarter.
Why it matters
The earnings report arrives as Apple navigates a leadership transition under John Ternus. Sustained growth in hardware sales is critical for maintaining market dominance. Rising component costs represent a persistent risk to profitability.
What is confirmed
- Apple's profit grew 12 percent.
- Apple results beat Wall Street expectations due to strong iPhone sales.
- John Ternus is the new CEO of Apple.
- Apple posted a record September quarter with surging Mac and iPhone sales.
Still unconfirmed
- Apple launched a seven-part US dollar high-grade bond sale.
- The cost of memory chips will continue to rise and pressure gross margins for the holiday quarter.
What to watch next
- Holiday quarter gross margin reports
- iPhone 18 sales volume data
confidence 90%Sources used for this update (15)
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