Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus
The company’s quarterly results beat analyst expectations as its new chief executive led his first earnings call.
TL;DR
- Apple reported fiscal fourth-quarter revenue of $114.5 billion, up 12% from $102.5 billion a year earlier.
- The results were the first earnings report under CEO John Ternus, who took over from Tim Cook in September.
- The cited coverage reports the quarter’s results; the longer-term effects of product demand, memory costs and the leadership transition remain uncertain.
Apple reported fiscal fourth-quarter revenue of $114.5 billion, a 12% increase from $102.5 billion in the year-ago quarter, according to the Associated Press. Axios reported year-over-year growth of 11.7%, reflecting rounding differences in how the increase is presented. [1] [2]
The quarter was the first earnings report led by John Ternus as chief executive after he succeeded Tim Cook in September. AP described revenue as stronger than analysts expected, while Axios highlighted iPhone sales as a key contributor to the increase. [1] [2]
The release provides a snapshot of reported revenue and the initial quarter under the new CEO. Reuters coverage ahead of the results had identified holiday-quarter guidance, AI and Siri comments, and rising memory-chip costs as issues analysts were watching; those expectations should be distinguished from the reported results. [1] [3]
The results do not settle how durable demand will be across product lines or how input costs will affect margins in later quarters. The available reports establish the revenue outcome and leadership context, while forward performance depends on details beyond the headline figure. [1] [2] [3]
Why it matters
The report combines a strong revenue quarter with a leadership transition at one of the world’s largest technology companies. For market observers, the result is a baseline for assessing Ternus’s early tenure, but a single quarter does not establish the future pace of device demand or the effect of component costs.
Editor's note
Headline follows AP wording. Revenue figure and CEO transition cross-checked with Axios; Reuters pre-results coverage is used only to identify issues analysts were watching, not as evidence of the outcome.