Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Apple beats sales and profit expectations amid iPhone growth

CEO John Ternus expressed optimism about holiday sales, saying the company was ending the year with its most ambitious product lineup yet.

Apple beats sales and profit expectations amid iPhone growth

In a strong performance, Apple surpassed analysts' expectations for its latest quarterly results, reporting record revenue for September. The company's success can be attributed to strong iPhone sales and robust revenue from services. Apple CEO John Ternus, who assumed leadership from Tim Cook in September, expressed optimism about the upcoming holiday season, mentioning the company's ambitious new product lineup.

This included three new phones: the 18 Pro, 18 Pro Max, and the first folding smartphone, the Duo, alongside two new desktop computers. During October, Apple introduced a smart display with Siri AI, called HomeView, and a MacBook Pro featuring a touchscreen for the first time. As investors await the company's outlook for the final three months of the year, analysts will scrutinize insights shared during Apple's earnings call on Monday.

Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 2 other outlets

Read the original at freemalaysiatoday.com →

More in Finance & Markets

More from Monday 2 November →