Apple CEO John Ternus Posts Record One Hundred Fourteen Billion Revenue

Apple just beat Wall Street expectations with one hundred fourteen billion dollars in fourth-quarter revenue during new Chief Executive John Ternus first earnings report. iPhone sales hit fifty-seven billion dollars, while services reached thirty-one billion dollars. One source puts total revenue at twelve percent growth for the fiscal fourth quarter ended in September. Profit landed at thirty billion dollars. Gross margin rose to forty-seven percent, helped by a tariff refund. That financial strength comes as surging memory chip costs put pressure on the company. Apple shares were trading slightly down in after-hours trading. The company also touched a five trillion dollar market cap this year. Ternus stepped up to replace Tim Cook in September. He is now navigating a noisy tech market where rivals spend heavily on artificial intelligence. Apple plans to let others build compute infrastructure while iPhones use the resulting technology. The new CEO will take questions on his first quarterly analysts call at five pm PT.