Apple Reports Record $102.5 Billion Revenue in September Quarter
Apple has shattered its September quarter record with $102.5 billion in revenue, marking an 8% year-on-year increase. The tech giant’s net profit surged to $27.5 billion, up 13% from last year, driven by robust iPhone demand and all-time high Services performance.
Key Financial Highlights
- iPhone revenue: $49 billion (6% growth year-on-year)
- Services revenue: $28.8 billion (all-time high, 15% growth)
- Earnings per share: $1.85 (adjusted)
- Global expansion: Double-digit growth across major markets
Strong Product Performance
The growth was primarily fueled by iPhone sales and Services, with Mac sales also showing steady gains. According to the company, revenue increased by 5% to $73.7 billion from the previous year.
CEO Tim Cook highlighted particularly strong demand for the iPhone 16 and iPhone 17 lineups, despite some supply constraints affecting certain models.
Global Market Expansion
Apple achieved record performances across both developed and emerging markets. The United States, Canada, Western Europe, Japan, Korea, and South Asia all showed strong growth.
Notably, India achieved an all-time revenue record, underscoring Apple’s growing presence in the region. Cook stated the company set revenue records in nearly every market it tracks.
Other Product Segments
Other product categories maintained consistent performance:
- iPad revenue: $7 billion
- Wearables, Home, and Accessories: $9 billion
Cook emphasized that Apple’s installed base has reached an all-time high, demonstrating sustained consumer loyalty across devices and regions.
Product Launches and Future Outlook
The September quarter featured several major product releases, including the iPhone 17 series, AirPods Pro 3, Apple Watch lineup, and MacBook Pro and iPad Pro with the M5 chip. These launches position Apple for what the company expects to be a successful holiday season.
