Apple beats revenue estimates in CEO Ternus's first earnings report
Apple reported fiscal fourth-quarter revenue of $114.48 billion versus $113.39 billion expected, according to LSEG, in CEO John Ternus's first earnings report since taking the helm on Sept. 1. The post states revenue rose 12% from $102.5 billion a year earlier and that iPhone revenue of $57.58 billion topped estimates, while iPad sales came up short. The post also notes Apple raised iPhone prices by $100 during the quarter, citing a worldwide shortage of memory and other components.
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What the sources claim
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Apple's quarterly revenue of $114.48 billion beat the $113.39 billion analysts expected, per LSEG. AAPL
“Revenue: $114.48 billion vs. $113.39 billion expected”
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Apple's revenue rose 12% from $102.5 billion a year earlier. AAPL
“Revenue increased 12% from $102.5 billion a year earlier”
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iPhone revenue of $57.58 billion topped estimates of $56.54 billion, according to LSEG. AAPL
“iPhone revenue of $57.58 billion, topping estimates of $56.54 billion”
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Apple came up short of estimates on iPad sales for the fiscal fourth quarter. AAPL
“came up short of estimates on iPad sales for the fiscal fourth quarter”
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This was Apple's first earnings report since John Ternus became CEO on Sept. 1, succeeding Tim Cook. AAPL
“first earnings report since CEO John Ternus took the helm on Sept. 1”
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Apple raised iPhone prices by $100 during the quarter, reflecting a worldwide shortage of memory and other components. AAPL
“Apple raised prices on iPhones by $100, reflecting a worldwide shortage on memory”
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-02 22:10 UTC. Labels are computed from the sources, not by the model.