{
  "id": 17861502,
  "title": "Apple FYQ4 Revenue Tops Forecasts On iPhone Sales As New CEO John Ternus Steps Up",
  "url": "https://urgent.news/2026/11/02/apple-fyq4-revenue-tops-forecasts-on-iphone-sales-as-new-ceo-john",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T21:48:11.000Z",
  "source": {
    "name": "Deadline",
    "slug": "deadline",
    "url": "https://deadline.com/2026/11/apple-iphone-fyq4-earnings-new-ceo-john-ternus-1237211541/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.\n\niPhone 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.\n\nThe 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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Apple earnings live updates: New CEO John Ternus faces first Wall Street test",
        "url": "https://urgent.news/2026/11/02/apple-earnings-live-updates-new-ceo-john-ternus-faces-first-wall",
        "published": "2026-11-02T15:01:18.000Z"
      },
      {
        "outlet": "9to5Mac",
        "title": "Here’s how to listen live to Apple’s Q4 2026 earnings call",
        "url": "https://urgent.news/2026/11/02/heres-how-to-listen-live-to-apples-q4-2026-earnings-call",
        "published": "2026-11-02T17:13:36.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "Apple's new CEO delivers first earnings as sales hit record",
        "url": "https://urgent.news/2026/11/02/apples-new-ceo-delivers-first-earnings-as-sales-hit-record",
        "published": "2026-11-02T20:19:51.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Apple reports Q4 revenue up 12% YoY to $114.48B, above $113.39B est., and net income up 12% to $30.7B, in John Ternus' first earnings report (Apple)",
        "url": "https://urgent.news/2026/11/02/apple-reports-q4-revenue-up-12-yoy-to-114-48b-above-113-39b-est-and",
        "published": "2026-11-02T21:40:00.000Z"
      },
      {
        "outlet": "Business Insider",
        "title": "New CEO John Ternus delivers an Apple earnings beat — but soft China and iPad sales",
        "url": "https://urgent.news/2026/11/02/new-ceo-john-ternus-delivers-an-apple-earnings-beat-but-soft-china",
        "published": "2026-11-02T21:55:47.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "iPhone sales lifted Apple to record September-quarter revenue of $114.5 billion",
        "url": "https://urgent.news/2026/11/02/iphone-sales-lifted-apple-to-record-september-quarter-revenue-of-114",
        "published": "2026-11-02T22:00:34.000Z"
      },
      {
        "outlet": "AppleInsider",
        "title": "Apple beats Wall Street forecasts in first Ternus-led Q4 earnings",
        "url": "https://urgent.news/2026/11/02/apple-beats-wall-street-forecasts-in-first-ternus-led-q4-earnings",
        "published": "2026-11-02T22:12:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}