Apple FYQ4 Revenue Tops Forecasts On iPhone Sales As New CEO John Ternus Steps Up

Apple reported revenue of $114.5 billion for its fiscal fourth quarter, surpassing Wall Street estimates of $113.46 billion. According to Business Insider, this marked the first earnings report under CEO John Ternus, who took over for Tim Cook on September 1. Earnings per share reached $2.10, exceeding analyst expectations.

iPhone sales remained strong, with segment revenue totaling $57.58 billion against estimates of $56.48 billion. Deadline reported that Mac sales boomed during the period, though it noted that iPad and Wearables numbers fell below estimates. Business Insider confirmed that iPad sales were light at $6.23 billion, missing the $6.83 billion forecast, and reported that China revenue of $17.54 billion also missed analyst estimates of $18.75 billion.

The company's gross margin was 47.9%. While Business Insider stated the Services business came in largely in line with estimates at $31.57 billion, Deadline described the sector as a hair soft. Additionally, Deadline reported that earnings per share were boosted by a significant tariff refund.

Brief written by urgent.news from Deadline, Business Insider — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.