Apple exceeds sales expectations due to strong demand for its iPhone 18 Pro models.
Apple reported record revenue and profit in its September quarter, with $114.5 billion in revenue and a 12 percent profit increase. iPhone sales rose 17 percent, and global sales reached a new high. The company cited soaring memory costs as a driver of price increases, despite strong sales growth and record earnings in services and hardware.
- Apple's gross margin for the September quarter was 47.9 percent.
- Apple posted fourth-quarter revenue of $114.5 billion.
- Apple exceeded profit expectations.
- iPhone sales rose 17 percent in the three months to September 26.
- Apple blamed soaring memory costs for a price increase on iPhones.
- Apple's services revenue grew by 13 percent annually across the fiscal year.
- John Ternus said there are still shortages for the first foldable model, the iPhone Duo.
- Sabhi Khan stated that the release date for the next iPhone Duo is currently unknown due to high demand.
- Apple's net income reached US$ 30.71 billion, an 11.8 percent increase compared to the previous year.
- Analysts expected Apple to spend $11 billion in the twelve months ending in September.
Outlets: Berlingske, Business Standard, China Labour Bulletin, Chosun Ilbo, Clarín, DR Nyheder (Denmark), Die Welt, ECO, El Mundo (Portada), Euronews (FR), Financial Times, Fortune, Free Malaysia Today, Gulf News, Handelsblatt, Ikon.mn, La Tercera, MyJoyOnline, NZ Herald, Nikkei Asia, Poder360, Politiken, Semafor, Stern, Tages-Anzeiger, TechCrunch, The Korea Herald, The Verge
Written by AI from the outlets' reporting and checked automatically; it can contain mistakes. How Daily Brief works · Privacy