Strong iPhone demand pushed Apple\u2019s revenue higher in the quarter ending September, closing the fiscal year with record profits. The company reported stronger-than-expected results despite the global trade war and growing pressure to match rivals in artificial intelligence.<\/p>\n\n\n\n
Apple said the iPhone 17 launch drove its performance. \u201cApple is proud to post a September-quarter record of $102.5 billion in revenue, with record-breaking iPhone and Services income,\u201d said CEO Tim Cook. Boosted by iPhone sales, Apple earned $27.5 billion (\u20ac23.8bn), nearly doubling last year\u2019s profit. The stock climbed 2% in after-hours trading.<\/p>\n\n\n\n
The iPhone 17 lacks Samsung\u2019s and Google\u2019s AI capabilities but features a redesigned \u201cliquid glass\u201d display. Apple held prices steady even as tariffs on U.S.-bound devices cost $1.1 billion (\u20ac950m) last quarter and may cost another $1.4 billion (\u20ac1.2bn) in the next. Despite the added costs, consumers in the U.S. and Europe kept buying. iPhone sales reached $49 billion (\u20ac42.4bn), up 6% from last year, slightly below analyst expectations but still strong.<\/p>\n\n\n\n
Ben Barringer from Quilter Cheviot said, \u201cMac sales rose 12%, iPhone sales about 6%, while iPad and wearables stayed flat.\u201d He noted weak demand in China, where sales dropped 4% due to forecasting problems and supply constraints. IDC estimated Apple sold 58.6 million iPhones globally between July and September, ranking second behind Samsung\u2019s 61.4 million.<\/p>\n\n\n\n
For the full fiscal year, Apple posted a record net income of $112 billion (\u20ac96.8bn), a 20% increase from the previous year.<\/p>\n\n\n\n
Tim Cook told analysts he expects the iPhone 17 to keep performing strongly through the holiday season. Chief Financial Officer Kevan Parekh projected at least 10% growth in iPhone sales compared to last year\u2019s holidays, with total revenue expected to rise similarly.<\/p>\n\n\n\n
\u201cApple\u2019s Q1 forecast of 10\u201312% growth looks strong as it enters the crucial Christmas period,\u201d said Barringer, citing sustained demand for the iPhone 17.<\/p>\n\n\n\n
Apple\u2019s stock surged after International Data Corp. reported record iPhone sales, pushing its market value above $4 trillion this week. Analysts expect another stock rally as trading resumes Friday. However, investors question Apple\u2019s slow progress in artificial intelligence compared to leaders like Nvidia, which recently hit a $5 trillion valuation.<\/p>\n\n\n\n
Apple had promised a wide rollout of AI features for last year\u2019s iPhones but delivered only a few. A major Siri upgrade remains delayed until next year. Barringer expressed concern: \u201cWith China uncertainty and faster growth from Microsoft and Nvidia, some investors may look elsewhere.\u201d<\/p>\n\n\n\n
Still, Apple has a long record of catching up after slow starts. Wedbush analyst Dan Ives predicted that stronger AI integration could add $1 trillion (\u20ac860bn) to $1.5 trillion (\u20ac1.3tr) in market value, potentially lifting the stock by $75 to $100 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"
Strong iPhone demand pushed Apple\u2019s revenue higher in the quarter ending September, closing the fiscal year with record profits. The company reported stronger-than-expected results despite the global trade war and growing pressure to match rivals in artificial intelligence. Apple said the iPhone 17 launch drove its performance. \u201cApple is proud to post a September-quarter record<\/p>\n","protected":false},"author":1,"featured_media":11435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":{"0":"post-11166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-economy"},"_links":{"self":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/11166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/comments?post=11166"}],"version-history":[{"count":0,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/11166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media\/11435"}],"wp:attachment":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media?parent=11166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/categories?post=11166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/tags?post=11166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}