Apple Inc.

Apple closed out fiscal 2025 on a strong note, posting fiscal fourth-quarter revenue of $102.47 billion, up 7.9% year over year, and delivering earnings per share of $1.85 against a Wall Street consensus of $1.77, a beat of 4.52%. The headline driver was Services, which set a revenue record at $28.75 billion, up from $24.97 billion a year ago, underscoring how Apple's software and subscription ecosystem increasingly anchors its financial results. iPhone remained the largest product category at $49.02 billion, lifted by the September launches of the iPhone 17 family and the new iPhone Air, with carrier data pointing to strong network performance accelerating customer upgrades. Greater China softness, where revenue slipped to $14.49 billion from $15.03 billion, was more than offset by acceleration in Europe and the Americas. Looking ahead, Apple enters the holiday quarter with its broadest product lineup yet, including M5-powered Macs and iPads, and an installed base of active devices that management described as reaching a new high across all categories and geographies.