Key Takeaways
- Apple’s fiscal fourth-quarter earnings topped analysts’ estimates, as its providers income climbed to a report excessive.
- Development in Apple’s iPhone gross sales additionally helped drive the better-than-expected outcomes, after the corporate launched its iPhone 17 lineup in September.
- CEO Tim Prepare dinner stated that might imply a report vacation season forward for Apple.
Apple is on a record-setting streak.
Shares of Apple (AAPL) had been up greater than 3% in prolonged buying and selling Thursday, topping their current highs after the iPhone maker posted earnings that exceeded analysts’ estimates and CEO Tim Prepare dinner gave an upbeat outlook for the vacation season.
Apple reported fiscal fourth-quarter earnings per share of $1.85 on income that rose 8% year-over-year to $102.47 billion. Each figures got here in forward of analysts’ estimates compiled by Seen Alpha, as Apple’s providers income climbed to a report excessive of $28.75 billion.
Development in Apple’s iPhone gross sales additionally helped drive the better-than-expected outcomes, after the corporate launched its iPhone 17 lineup in September. Gross sales of iPhones rose 6% to $49.03 billion within the fourth quarter, contributing the majority of Apple’s product income.
The determine additionally represented a September quarter income report for the iPhone, with CEO Tim Prepare dinner suggesting that might imply a report vacation season forward.
“We count on December-quarter income to be the most effective ever for the corporate and the most effective ever for iPhone,” CEO Tim Prepare dinner stated on the corporate’s earnings name Thursday, anticipating 10% to 12% income development.
Apple shares had been up about 8% for 2025 by means of Thursday’s shut. This week’s positive factors have boosted Apple’s market capitalization above $4 trillion, making it the phrase’s second-most-valuable firm behind solely AI chipmaker Nvidia (NVDA).
