Apple designs and sells consumer electronics, from iPhone smartphones and Mac computers to tablets and wearable devices. Its operating systems manage apps and built-in functions for communication and work, while iCloud stores files and synchronizes data across devices. Customers buy additional digital services through subscriptions such as Apple Music and Apple TV, and developers distribute software through the App Store. Apple earns money from hardware sales, subscriptions and digital transactions, selling directly to customers and through retailers and mobile carriers around the world. It was founded in 1976 and has its headquarters in Cupertino, California.
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Founded
1976
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Apple shares fell about 3% in after-hours trading Monday after the company beat quarterly expectations but gave weaker guidance. Higher memory costs and slowing services growth weighed on the outlook. Revenue for the fiscal fourth quarter rose 12% to $114.48 billion, ahead of the $113.39 billion expected. Earnings per share grew 14% to $2.10, against estimates of $1.99. For the December quarter, Apple expects revenue growth of 7% to 10%, above forecasts. It guided gross margin to 45% to 46%, below the 46.9% consensus, and services growth to 8% to 9%, below the 10% estimate. The foldable iPhone Duo sold out at launch, and chief operating officer Sabih Khan said supply remains constrained. CNBC's Investing Club raised its price target to $360 from $340 but kept its hold-equivalent rating, citing the stock's run and high valuation.
Amazon says its Prime Video is now profitable, while Apple's streaming service reportedly still loses money. Amazon chief executive officer Andy Jassy said on the third-quarter earnings call that Prime Video has a revenue run rate in the tens of billions of dollars. Amazon does not report its financials separately, but the ad tier reaches more than 315 million monthly active users, including more than 130 million in the US, according to The Wrap. Users can pay $4.99 a month for an ad-free version. Apple TV+ loses more than $1 billion a year, The Information reported. Apple spends about $4.5 billion on content annually, down from $5 billion, and the service has about 45 million subscribers at $14.99 a month.
Apple shares rose about 0.2% after hours as fourth-quarter results beat Wall Street forecasts, though slower growth in China tempered sentiment. Revenue climbed 12% to $114.5 billion, above the $113.5 billion consensus. Earnings were $2.10 per share, against an expected $2. It is the first report under chief executive officer John Ternus, who took over on September 1. iPhone sales rose 17% to $57.6 billion, beating the $56.5 billion forecast. Services grew 9.8% to $31.6 billion, in line with expectations. iPad and wearables fell short. Greater China sales rose 21% to $17.5 billion, more than $1 billion below projections. Apple shares are up about 24% this year.
Apple reported record Services revenue of $31.57 billion for its fiscal fourth quarter ended September 26, 2026, up 9.8%. It was the first earnings report under chief executive officer John Ternus, who took over from Tim Cook on September 1. Total revenue reached $114.5 billion, up 12% year over year. iPhone revenue rose 17% to $57.58 billion. Gross margin was 47.9%, including a boost of about one percentage point from tariff refunds after the Supreme Court invalidated Trump's tariffs. Diluted earnings per share were $2.10, up 14%, with $0.05 from the refunds. Ternus said the quarter capped "our best fiscal year ever." He cited the foldable iPhone Duo, the iPhone 18 Pro and 18 Pro Max, new home hardware, and an all-new Siri AI.
Apple posted $114.5 billion in revenue for the fourth quarter of 2026, up 12% from $102.5 billion a year earlier and above analysts' $113.4 billion forecast. It was the company's first quarterly report under chief executive officer John Ternus, who replaced Tim Cook on September 1. iPhone sales were about $57.6 billion, beating Wall Street's $56.6 billion estimate. The figure includes the first eight days of iPhone 18 Pro sales. Earnings per share came in at $2.10, against a forecast of $1.99. Apple shares fell 1% after hours, having closed down about 1.8% at $338.32. The company is the world's most valuable, with a market capitalisation of $4.94 trillion at Monday's close. Revenue from the foldable iPhone Duo, which starts at $1,999, is not included, as sales began in the fiscal first quarter of 2027.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Cupertino, CA
Founded
1976
Find jobs on Simplify and start your career today
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