Apple announced a record-breaking quarter for iPhone sales, achieving $57.58 billion in revenue from its iPhone line. This represents a 17% increase compared to the same period last year, despite the company not introducing a standard iPhone model during its latest refresh cycle.
The revenue surge followed the September launch of the iPhone 18 lineup, which included the higher-priced iPhone 18 Pro and Pro Max models. Apple also implemented price increases across its older iPhone models concurrently. The company's first folding phone, the iPhone Duo, was also unveiled, but its pre-order sales are not included in this earnings report.
Overall, Apple's revenue increased by 12% to $114.5 billion. The Mac business saw a 24% growth, reaching $10.79 billion, and the services division grew to $31.57 billion. However, iPad revenue declined 10% year-over-year, totaling $6.23 billion. Apple faced supply chain constraints and rising memory costs, which contributed to product price adjustments.
Beyond iPhones, Apple expanded its product offerings with new smart home devices, including a smart home display, video doorbells, security cameras, and door locks, developed in collaboration with LG and Schneider Electric. Additionally, Apple introduced a MacBook Pro with a touchscreen, a departure from previous design philosophies.
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Apple reported a record $57.58 billion in iPhone revenue for its fourth quarter, a 17% increase year-over-year, despite not releasing a standard iPhone model. This growth was driven by the launch of the pricier iPhone 18 Pro and Pro Max, along with price increases on older models.