Apple recently announced its earnings for the fourth fiscal quarter of 2025, achieving a record September quarter revenue of $102.5 billion, surpassing analyst expectations. CEO Tim Cook and CFO Kevan Parekh shared insights on various aspects of the company’s performance, including strong demand for the iPhone 17, which has seen exceptional consumer reception and record numbers of upgraders. Despite supply constraints, Apple is striving to meet the high demand.
iPad sales remained stable at $6.95 billion, with half of the buyers being new to the product. Mac sales increased due to new MacBook Air models, reaching $8.7 billion, although next quarter’s sales are expected to face challenges due to fewer product launches compared to last year.
The wearables segment, which includes the Apple Watch and Vision Pro, experienced a slight dip in sales. However, Apple’s Services division reached a new revenue record of $28.8 billion, driven by growth across various regions and an increase in Apple Pay users. Services revenue for the year surpassed $100 billion, marking a 14 percent rise.
Apple is also planning a Siri upgrade and is exploring further AI investments, with operating expenses projected between $18.1 and $18.5 billion. Despite a decline in revenue from China, the company anticipates growth in the December quarter due to the positive reception of the iPhone 17.
Tariff-related costs amounted to $1.1 billion, with expectations of $1.4 billion next quarter. Overall, Apple forecasts a 10 to 12 percent revenue growth year-over-year in the December quarter, with iPhone revenue expected to see double-digit growth, potentially marking the company’s best December quarter ever.
