Apple recently reported an impressive performance for its September quarter, even with supply constraints affecting iPhone availability. Here’s a closer look at the numbers and future outlook.
In its fiscal fourth quarter, Apple achieved a remarkable $102.47 billion in revenue, marking an 8% increase compared to the previous year. This exceeded expectations, which were pegged at around $102.26 billion. Earnings per share also soared to $1.85, up 91%, outpacing predictions.
Following the earnings announcement, Apple’s stock saw a significant rise, climbing as much as 5% in after-hours trading. By Thursday’s close, shares stood at about $278, up nearly 30% over the past three months. Earlier this week, Apple also joined the exclusive $4 trillion market cap club.
Across various regions, Apple broke sales records, except in Greater China, where sales dipped due to supply shortages. CEO Tim Cook expressed optimism for a rebound in that market, anticipating growth in the current quarter.
Apple’s services division also shone brightly, setting a record with $28.75 billion in revenue, a 15% increase from last year. This growth highlights the rising demand for services like the App Store and Apple Music, which are contributing to Apple’s long-term stability.
Expert analysts view Apple’s brand strength and diversified offerings—especially its services—as critical advantages. As Cook mentioned, the new iPhone 17 is in high demand, supported by a growing base of active devices, which hit an all-time high.
Interestingly, the trend towards sustainable technology is gaining traction. Apple continues to invest in artificial intelligence, with plans for a smarter Siri expected to debut in 2026. This move is not only about keeping up with technology but also aligning with user interests in smarter, more efficient devices.
Apple’s financial health is solid. The company ended the quarter with $132 billion in cash and marketable securities. It has also returned $24 billion to shareholders, demonstrating a commitment to rewarding investors amid market uncertainties.
As we look to the future, expectations for December revenue are optimistic, with predictions of growth between 10% and 12% compared to last year. This would mark a record quarter for Apple, driven by strong iPhone sales.
Overall, Apple’s robust performance illustrates its ability to navigate challenges while positioning itself for future growth. The combination of compelling products and a thriving services sector ensures a promising outlook for the company.
For further insights, you can explore Apple’s full earnings report here.
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