Apple reported fiscal Q4 revenue of $114.48 billion, up 11.72% year over year, and EPS of $2.10 against a $1.98 consensus, with full-year revenue of $478.83 billion. Bulls including Jim Cramer and Gene Munster pointed to strong iPhone sales of $57.58 billion and Mac sales up 24% as drivers, arguing that hardware demand is holding up even without AI-driven revenue. Mark Gurman of Bloomberg said Siri AI trails ChatGPT and warned that Services revenue would come down as users shift from search engines to AI apps, since much of it comes from Google's search revenue-sharing deal. Greater China revenue rose 21% from $14.49 billion a year earlier to $17.54 billion, but fell short of the $18.75 billion analysts expected. Apple guided to December-quarter Services growth of 8% to 9% and gross margin of 45% to 46%, and the stock closed at $338.82, up 24.8% year to date, on a P/E of 44 versus 27 for Microsoft and 14 for Alphabet.
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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