Apple Revenue Beats Forecasts as Iphone Sales Surge in Ternus’ First Report
WHO:
The Wrap - Apple reported the results; its Services business includes the App Store, Apple TV, Apple Music, and iCloud.
9to5Mac - Apple reported results across iPhone, Mac, iPad, and Wearables, Home, and Accessories.
Deadline - Apple’s new CEO, John Ternus, stepped up as the company reported results.
Apple - The company said the results were from John Ternus’ first earnings report.
CNBC - Analysts tracked by LSEG supplied the earnings and revenue estimates.
WHAT:
9to5Mac - Apple reported $102.47 billion in revenue in the year-earlier fourth fiscal quarter.
CNBC - Analysts expected revenue to rise 11% from $102.5 billion a year earlier.
Variety - Apple’s fiscal 2026 fourth-quarter results were for the quarter ended Sept. 26, 2026.
The Wrap - Apple’s total revenue was $114.48 billion, beating the $113.39 billion Wall Street estimate; revenue grew 12% year over year.
Apple - The company reported September-quarter records for total revenue, iPhone revenue, and earnings per share.
Apple - China revenue rose 21% to $17.5 billion, below the $18.9 billion estimate.
9to5Mac - iPhone revenue rose 17% to $57.58 billion, versus a $56.54 billion estimate; Mac revenue rose 24% to $10.8 billion.
9to5Mac - iPad revenue fell 10% to $6.2 billion, and Wearables, Home, and Accessories revenue fell 8% to $8.3 billion.
The Wrap - Services revenue rose 10% to $31.57 billion, just below the $31.58 billion estimate, while reaching an all-time high, according to Apple.
Deadline - Earnings per share were boosted by a substantial tariff refund. The article said Mac sales boomed, while iPad and Wearables results were below estimates.
CNBC - LSEG analysts expected earnings per share of $1.99, revenue of $113.39 billion, and iPhone sales of $56.59 billion.
CNBC - The iPhone 18 Pro contributed eight days of sales to the quarter. The iPhone Duo was not available in stores until the quarter ended, and Apple did not announce a new entry-level iPhone 18.
WHERE:
Apple - Apple’s announcement identified Cupertino as its location.
Apple - The company reported China revenue of $17.5 billion.
WHY:
Deadline - Strong iPhone sales led the revenue growth; the article also cited booming Mac sales.
CNBC - Investors wanted Ternus to discuss Apple’s China plans following approval of its AI software, recent product launches, and global memory and flash-storage shortages.
HOW:
CNBC - Apple raised iPhone prices by $100; the article said the increase may have hurt demand.
CNBC - The earnings call was scheduled to begin at 5 p.m. ET.
(UPDATED November 3, 2026 00:00 UTC)
Apple posted record September-quarter revenue of $114.48 billion, beating Wall Street expectations. Strong iPhone and Mac sales drove growth, while Services reached a record. iPad and accessories revenue declined, and tariff refunds boosted earnings per share.
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(UPDATED November 2, 2026 22:59 UTC)
Apple posted record September-quarter revenue, topping estimates as sales rose twelve percent year over year. iPhone revenue climbed seventeen percent, while Mac sales surged; iPad and wearable sales declined. New CEO John Ternus delivered his first earnings report, with China revenue rising twenty-one percent.