Apple Crushes Q4 Earnings with $102.47B Revenue as iPhone 17 Demand Hits Record Highs
Summary
Apple crushes Q4 earnings with $102.47 billion revenue and $1.85 EPS, beating estimates as iPhone 17 demand reaches record highs with supply constraints driving expectations for the company's best December quarter ever.
Key Points
- Apple beats Q4 earnings expectations with $1.85 EPS versus $1.77 estimated and revenue of $102.47 billion, while forecasting 10-12% revenue growth for December quarter
- CEO Tim Cook reports iPhone 17 demand is 'off the chart' with several models supply-constrained, driving expectations for the best December quarter in company history
- Services business grows 15% to $24.97 billion while China sales decline 4% to $14.5 billion, though Cook expects China to return to growth this quarter