Apple Reports Strong Fourth-Quarter Earnings Driven by iPhone Demand Despite Broader Tech Sell-off
Apple (AAPL) shares closed down 1.83% at $338.32 during a broader technology sector decline, even as the company reported fiscal fourth-quarter results that exceeded Wall Street expectations. The company posted revenue of $114.5 billion and earnings per share of $2.10, bolstered significantly by a 17% year-over-year increase in iPhone revenue to $57.6 billion driven by high demand for the iPhone 18. Despite the top-line beat, investors noted several headwinds, including a decline in gross margin to 47.9% due to rising component costs and reduced tariff refunds. Additionally, underperformance in China sales and the iPad segment highlighted regional and product-specific challenges. The market impact remains focused on whether Apple can maintain its hardware momentum through the holiday season while managing tightening margins.
Tickers: $AAPL $GOOG $GOOGL $MSFT
Topics: earnings report iPhone demand revenue technology sector
Read the full article at Motley Fool
Part of the story Rising Memory Chip Costs Driven by AI Demand Threaten Apple Profit Margins and Consumer Pricing (7 articles)