Apple’s quarterly revenue rose 12% from a year earlier to $114.48 billion (about 154.033 trillion won), exceeding market forecasts. The flagship iPhone outperformed expectations, but results in Greater China and for the iPad fell short of forecasts.
According to a CNBC report on the 2nd (local time), Apple’s fiscal fourth-quarter 2026 revenue, released that day, was higher than the market estimate of $113.39 billion compiled by London Stock Exchange Group (LSEG). Earnings per share (EPS) came in at $2.10.
iPhone revenue was $57.58 billion, topping the expected $56.54 billion. Only sales from the eight days after the launch of the new iPhone 18 Pro were counted in this result. Sales of the iPhone Duo, released after the quarter ended, were not reflected.
Greater China revenue was only $17.54 billion, below the $18.75 billion forecast compiled by Bloomberg. iPad revenue was $6.22 billion, down more than 10% from a year earlier and also short of Bloomberg’s estimate of $6.83 billion.
Profitability was affected by rising component prices. Gross margin was 47.9%, down from 50.1% in the previous quarter. This figure includes an improvement of about 1 percentage point from tariff refunds.
John Ternus, Apple’s chief executive officer (CEO), who succeeded Tim Cook in September, told CNBC that memory costs rose from the previous quarter, but the burden was partly eased by inventory secured earlier and lower costs for non-memory components.
“July-to-September revenue was an all-time record for the period, and services revenue reached an all-time high,” CEO Ternus said in the earnings release.
With the results coming after the regular session closed, Apple shares were up 0.2% in after-hours trading as of 4:40 p.m. Market attention is focused on the outlook for the year-end holiday season and explanations on the China business and component supply constraints expected at the 5 p.m. earnings call.