Apple Q4 Revenue Rises 12% on Strong iPhone Sales as New CEO John Ternus Takes Helm

Apple's fiscal fourth quarter revenue beat Wall Street forecasts, climbing 12% year-over-year to $94.9 billion, driven by robust iPhone demand. The results mark the first quarter under new CEO John Ternus, who stepped into the role following a planned leadership transition. Mac sales also surged, reflecting continued momentum in the personal computer segment, while the services division—home to Apple TV+ and the App Store—grew slightly below expectations. iPad and Wearables revenue came in under analyst estimates, hinting at softer demand for those product lines. Earnings per share received a one-time boost from a substantial tariff refund, which analysts note may not recur in future quarters. For investors, the mixed performance underscores Apple's reliance on iPhone cycles and services growth to sustain momentum. The company's ability to navigate supply chain costs and shifting consumer spending will be critical as Ternus settles into leadership. With holiday season guidance ahead, all eyes are on whether Apple can maintain its upward trajectory.