Apple Posts Record iPhone, Services Revenue In September Quarter

Core Insights - Apple reported fiscal Q4 earnings of $1.85 per share on sales of $102.5 billion, surpassing analyst expectations of $1.78 per share and $102.2 billion in sales [2][4] - Year-over-year, Apple's adjusted earnings increased by 13% and sales rose by 8% [2] - The company anticipates a revenue increase of 10% to 12% for the current quarter, projecting a midpoint revenue of $138 billion [4] Financial Performance - Services revenue grew by 15% year-over-year to $28.75 billion, accounting for 28% of total revenue [3] - iPhone sales increased by 6% to $49 billion, representing 48% of total revenue [3] - Mac computer sales rose by 13% to $8.7 billion, while iPad and Wearables sales remained flat [3] Market Reaction - Following the earnings report, Apple stock rose by 3.5% in after-hours trading, reaching $281.01, after a regular session close of $271.40 [5] - The market capitalization of Apple is now $4.03 trillion, with an intraday record high of $274.14 [5][6] Future Outlook - CEO Tim Cook highlighted a strong product lineup heading into the holiday season [5] - Analysts forecast earnings of $2.54 per share for fiscal Q1, reflecting a 6% increase [4]