Apple Reports Record Fourth Quarter Revenue Amid Rising Memory Chip Costs
Apple (AAPL) reported its best September quarter ever, with fourth-quarter fiscal 2026 revenue climbing 12% to $114.5 billion. Driven by a 17% increase in iPhone sales and a 24% jump in Mac sales, the company achieved record figures under new CEO John Ternus. However, shares fell nearly 3% pre-market due to concerns regarding rising memory chip costs. Management expects December-quarter revenue growth of 7% to 10%, but gross margins are projected to contract from 47.9% to a midpoint of 45.5%. These margin pressures stem from unprecedented industrywide shortages and rising component prices, forcing Apple to implement price increases on several key product lines including iPhones, Macs, and iPads.
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Topics: earnings report iPhone sales margin compression revenue growth supply chain shortages
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Part of the story Apple Reports Record Fiscal Year Driven by iPhone and Mac Growth Amid AI Integration Strategy (4 articles)