Apple reported revenue of $114.5 billion for the September quarter, marking a 12% increase compared to the previous year. Earnings per share reached $2.10, surpassing analyst expectations of $2.00 and revenue forecasts of $113.4 billion. Despite these results, company shares declined by approximately 1% in after-hours trading, following a 1.83% drop during the regular session to close at $338.32.
Net income grew by 12% to reach $30.71 billion, with gross margins hitting 47.9%. Revenue from iPhone sales rose 17% to a record $57.58 billion, while Mac sales increased by 24% to $10.79 billion. Conversely, sales for iPads and wearables declined by 10% and 8% respectively. Services revenue reached $31.57 billion, aligning with market projections.
Regional performance showed growth in Greater China of 21%, reaching $17.54 billion, though this figure fell short of the $18.55 billion expected by analysts. The company noted that memory chip costs remain a pressure point due to high demand from AI data centers. Additionally, Apple issued warnings to German government officials regarding potential exposure to mercenary spyware, prompting the Federal Office for Information Security to advise officials to assume their devices are compromised.
