Core Insights - Apple shares increased by over 3% in extended trading, reaching new highs after reporting earnings that surpassed analysts' expectations and a positive outlook for the holiday season [1][4] Financial Performance - Apple reported fiscal fourth-quarter earnings per share of $1.85, with revenue rising 8% year-over-year to $102.47 billion, both exceeding analysts' estimates [2][6] - Services revenue reached a record high of $28.75 billion, contributing significantly to overall revenue growth [2][6] Product Sales - iPhone sales rose 6% to $49.03 billion in the fourth quarter, driven by the launch of the iPhone 17 lineup in September, marking a record for September quarter revenue from iPhones [3][6] - CEO Tim Cook indicated that the strong iPhone sales could lead to a record holiday season for the company [3][6] Future Outlook - Tim Cook projected that December-quarter revenue would be the best ever for Apple, anticipating a growth rate of 10% to 12% [4][6] - Following recent gains, Apple's market capitalization surpassed $4 trillion, making it the second-most-valuable company globally, behind Nvidia [4]