Apple reported fiscal-fourth quarter earnings on Thursday that beat analyst expectations, and provided a strong forecast for the company’s December quarter. Shares of the iPhone maker rose in extended trading.
Here’s how Apple did versus LSEG consensus estimates for the quarter ending Sept. 27:
EPS: $1.85 vs. $1.77 estimated
Revenue: $102.47 billion vs. $102.24 billion estimated
Here’s how Apple’s main business lines did versus consensus estimates:
iPhone revenue: $49.03 billion vs. $50.19 billion estimated
Mac revenue: $8.73 billion vs. $8.59 billion estimated
iPad revenue: $6.95 billion vs. $6.98 billion estimated
Other Products revenue: $9.01 billion vs. $8.49 billion estimated
Services revenue: $28.75 billion vs. $28.17 billion estimated
Apple CEO Tim Cook told CNBC’s Steve Kovach that revenue in the current quarter will increase by at least 10%. “We expect total company revenue to grow by 10 to 12% year over year, we expect iPhone revenue to grow double digits, year over year, and we expect that that would make the December quarter the best ever in the history of the company,” Cook said.
Analysts polled by LSEG expect Apple to guide to $132.31 billion in December quarter sales and earnings of $2.53 per share. Apple’s guide surpasses those expectations. With 11% growth over last year’s December quarter, revenue for the upcoming period would be $137.97 billion.
Cook said that Apple was confident in its guidance because of the strong reception for the company’s new iPhone 17 devices, released in September, which he said was “off the chart.”
The company had $27.46 billion in net income during the quarter versus $14.29 billion in the year-ago period, which was lower because of a one-time tax charge. For Apple’s fiscal 2025, it had $416 billion in total revenue, a 6% increase over 2024. Sales in the September quarter rose 8% on an annual basis.
