Apple reported fourth-quarter fiscal 2025 GAAP earnings of $1.85 per share, beating estimates by 6.94%. Net sales rose 8% to $102.47 billion, with product sales up 5.4% to $73.72 billion and services revenues growing 15.1% to $28.75 billion. iPhone sales increased 6.1% to $49.03 billion, while Mac sales rose 12.7% to $8.73 billion.

iPad sales were flat at $6.95 billion, Wearables, Home and Accessories sales declined slightly to $9 billion. Europe, Japan, and Rest of Asia saw sales growth, setting records in emerging markets and India. Americas sales were up 6.1%, but Greater China sales fell 3.6%.

Apple’s gross margin expanded to 47.2%, with products’ gross margin up to 36.2% and services’ gross margin at 75.3%. Operating expenses rose to $15.91 billion, with operating margin expanding to 31.6%. The company’s balance sheet remains strong with cash & marketable securities at $132.42 billion.

Apple expects first-quarter fiscal 2026 net sales to grow 10-12%, with iPhone sales in double digits. Gross margin is forecasted at 47-48%, while operating expenses are projected to be between $18.1 billion and $18.5 billion. Fair Isaac, Cirrus Logic, and CoreWeave are recommended stocks in the Computer and Technology sector.

Read more at Nasdaq: Apple Q4 Earnings Beat Estimates, Services Drive Top-Line Growth