Apple FYQ4 Revenue Tops Forecasts On iPhone Sales As New CEO John Ternus Steps Out

Apple reported fiscal Q4 revenue of $114.5 billion, exceeding Wall Street forecasts of $113.46 billion. This 12% increase was driven by strong iPhone and Mac sales, while EPS reached $2.10, boosted by a tariff refund. Under new CEO John Ternus, the company faced softer performance in the services sector, iPad, and Wearables, alongside weak sales in China. Despite these specific declines, the overall financial results surpassed analyst expectations for the quarter ending in September.