Apple CEO Tim Cook reported fiscal-fourth quarter earnings that exceeded analyst expectations, with a strong forecast for the December quarter. Shares rose in extended trading. Revenue for the quarter ending September 27 was $102.47 billion, beating estimates. iPhone revenue was $49.03 billion, lower than the $50.19 billion expected. Overall, the company expects a 10-12% revenue increase year over year.

In the fiscal year 2025, Apple had $416 billion in total revenue, a 6% increase over 2024. iPhone revenue was up 6% to $49.03 billion, with the new iPhone 17 models receiving a strong reception. The services business grew 15% to $24.97 billion. Mac sales increased by 13% to $8.72 billion.

Apple’s sales in Greater China dropped 4% to $14.5 billion. The company expects growth in China due to the positive reception of the iPhone 17 models. Apple plans to release an updated version of Siri next year and integrate more partnerships like OpenAI’s ChatGPT into Apple Intelligence. Apple did not change prices in response to Trump administration tariffs, absorbing $1.1 billion in additional costs during the September quarter.

Read more at CNBC: Apple (AAPL) earnings report Q4 2025