Apple results beat Wall Street expectations on strong iPhone sales

What happened

Apple reported fiscal fourth-quarter sales of $114.48 billion and profit of $2.10 per share, both above analyst estimates. Early demand for its iPhone 18 Pro lineup and price increases helped offset rising memory-chip costs, while results excluded 5 cents per share from tariff refunds.

Confirmed

Global impact / market context

Higher iPhone demand and pricing helped Apple absorb more expensive memory chips, supporting profit per sale despite rising costs. Spreading product launches across the year and adding new devices could also make revenue less dependent on the holiday iPhone cycle, though that outcome is not yet established.

Analyst inference

Apple’s results exceeded the estimates reported in the article, but the company is changing its launch schedule and introducing new product types under a new CEO. These shifts may alter when sales arrive, while reported cracked screens on its first foldable phone present a product concern.

Analyst inference

What to watch

1. Watch whether demand for the iPhone 18 Pro lineup remains strong beyond its early sales period and continues to support revenue against higher memory-chip costs. Analyst inference
2. Track whether Apple’s staggered iPhone launches and new products, including touchscreen laptops and a smart-home hub, help spread sales more evenly through the year. Analyst inference
3. Follow reports of cracked screens on the iPhone Duo, Apple’s first foldable phone, and whether the company provides further information about the issue or its response. Confirmed

Evidence

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