Apple reported fiscal fourth-quarter results above Wall Street expectations, supported by strong early demand for its iPhone 18 Pro lineup and price increases that helped offset rising memory-chip costs.
The company reported sales of $114.48 billion for the quarter ended September 2026, exceeding analysts’ estimate of $113.39 billion, according to LSEG data. Earnings were $2.10 per share, also higher than the analyst expectation of $1.99. The earnings figure included five cents per share from tariff refunds.
The results mark the first quarterly earnings report under new Chief Executive Officer John Ternus, who took over from Tim Cook in September 2026. The company is introducing several product changes under his leadership, including a different launch schedule for its iPhone range.
After nearly two decades of releasing most new iPhone models during the autumn, Apple is spacing out its launches. The iPhone 18 Pro models and the iPhone Duo are shipping this year, while other iPhone models are expected next year.
Early demand for the iPhone 18 Pro lineup contributed to the latest results. Apple also increased prices, helping it manage the impact of higher memory-chip costs on its business.
The company has introduced several other products during the current holiday shopping quarter, including its first touchscreen laptops and its first smart-home hub. These launches are part of Apple’s broader product strategy as it looks to sustain demand across its hardware portfolio.
Rising component costs remain an important consideration for the company. Memory chips are becoming more expensive, putting pressure on the costs of producing electronic devices. Apple’s ability to offset these expenses through pricing and product demand will remain a key area of investor attention.
The latest results provide an early financial assessment of Ternus’ leadership as Apple enters the holiday shopping period, traditionally an important sales season for the company.
