Apple Q4 revenue rises 12% to record high on higher iPhone sales

Overview

• Consumer electronics giant's fiscal Q4 revenue rose 12% yr/yr to a record high

• Diluted EPS for fiscal Q4 increased 14% yr/yr to $2.10

• Company declared a quarterly dividend of $0.27 per share, payable Nov. 16 to holders of record as of Nov. 12

Outlook

• Apple did not provide specific guidance for the current quarter or full year

Result Drivers

• IPHONE SALES - Co said iPhone revenue reached a September qtr record, driven by new models including iPhone Duo and iPhone 18 Pro series

• SERVICES GROWTH - Services revenue reached an all-time high, contributing to overall revenue growth

• TARIFF REFUNDS - Co said gross margin and EPS benefited from tariff refunds in the quarter

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 14 "hold" and 4 "sell" or "strong sell"

• The average consensus recommendation for the phones & handheld devices peer group is "buy"

• Wall Street's median 12-month price target for Apple Inc. is $330.00, about 4.2% below its October 30 closing price of $344.63

• The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 33 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)