Apple just delivered a blockbuster fourth quarter that sent Wall Street scrambling to update their models. The tech giant posted a September quarter record of $102.5 billion in revenue - up 8% year-over-year - while earnings per share jumped 13% to $1.85 on strength from the new iPhone 17 lineup and surging Services revenue hitting an all-time high.
Apple just proved that even in a challenging tech environment, premium products still command premium results. The company's fourth quarter earnings, released Wednesday evening, show a tech giant firing on all cylinders as it heads into what could be its biggest holiday season yet.
The headline numbers tell the story: $102.5 billion in revenue represents not just growth, but a new September quarter record for total company revenue. More importantly for investors, it signals that Apple's iPhone 17 strategy is working exactly as planned. CEO Tim Cook didn't mince words during the announcement, calling it "our best iPhone lineup ever" while highlighting the iPhone 17, iPhone 17 Pro and Pro Max, plus the entirely new iPhone Air category.
"Today, Apple is very proud to report a September quarter revenue record of $102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services," Cook stated in Apple's official press release. The timing couldn't be better - these results came just weeks after the iPhone 17 launch event that had analysts questioning whether consumers were ready for another premium smartphone cycle.
The Services story deserves special attention here. While hardware grabs headlines, it's the Services division that's becoming Apple's real money printer. Reaching an all-time revenue high this quarter, Services revenue continues to validate the company's strategic pivot toward recurring income streams. This includes everything from the App Store and iCloud to Apple Music and the growing enterprise services business that's quietly becoming a major revenue driver.
Wall Street had been nervous about iPhone demand, especially with economic headwinds and increased competition from both Samsung and Chinese manufacturers. But the September quarter iPhone revenue record suggests consumers are still willing to pay premium prices for premium experiences. The iPhone Air, in particular, represents a fascinating experiment - a new category that sits between the standard iPhone and Pro models, potentially capturing users who want something different without the full Pro price tag.
The 13% earnings per share growth to $1.85 (on an adjusted basis) shows operational efficiency remains best-in-class. That growth came despite the company continuing to invest heavily in research and development, particularly around AI capabilities and the M-series chip development that's now powering everything from MacBooks to iPads.
