Apple reports Q4 revenue up 12% YoY to $114.48B, vs. $113.39B est., China revenue up 21% to $17.5B, vs. $18.9B est., in John Ternus' first earnings report

Apple's record-breaking revenue means that new product innovations like the iPhone Duo and touchscreen MacBooks are likely to drive future sales growth.

Apple announced its fourth fiscal quarter 2026 results, reporting revenue of $114.5 billion, a 12% increase year-over-year. Net profit for the quarter was $30.7 billion, with earnings per diluted share at $2.10. This marks a record for the September quarter in terms of total revenue, iPhone revenue, and earnings per share, with Services revenue also reaching an all-time high. For the full fiscal year 2026, Apple generated $478.8 billion in sales and $132.2 billion in net income, surpassing the previous fiscal year's records. The company also declared a quarterly dividend of $0.27 per share. This earnings report is notable as it is the first under new CEO John Ternus, who took over from Tim Cook on September 1, 2026.

The significant year-over-year revenue growth and record-breaking figures in a quarter that included new product launches such as the iPhone Duo indicate strong consumer demand for Apple's latest offerings. This performance, especially under a new CEO, sets a positive tone for the company's future product cycles and market positioning. The emphasis on Services revenue also highlights a continued diversification of Apple's income streams.

This sustained revenue growth suggests that Apple's strategy of premium pricing for its new hardware, alongside a robust services ecosystem, is proving effective. The market's positive reception to both new flagship devices and the expanding services portfolio indicates continued confidence from consumers and investors. It will be crucial to monitor how these high-value product introductions and services perform through the upcoming holiday season and into the next fiscal year.