Apple reported record September-quarter revenue up 12% to $114.5 billion and earnings per share up 14% to $2.10, both above Wall Street estimates, in the first earnings report under CEO John Ternus, who succeeded Tim Cook. iPhone revenue grew 17% to $57.6 billion and Mac revenue surged 24% to $10.8 billion, though the new foldable Duo remains supply-constrained. Gross margin came in at 47.9%, broadly in line with expectations, as Ternus called memory-chip price increases 'absolutely unprecedented' and said Apple had raised prices on many products. Greater China revenue rose 21% to more than $17.5 billion, a September-quarter record, but fell short of analysts' estimates.
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: high
| 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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