Apple posts record Q4 revenue but warns of margin pressure

Apple posts record Q4 revenue but warns of margin pressure

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Apple highlighted a surge in iPhone and Services sales, reporting record fiscal fourth-quarter revenue of $114. 5 billion in its earnings release on 3 November. The company had earlier posted earnings that beat analysts’ forecasts, but warned that rising memory-chip costs and a slower Services growth outlook could squeeze profit margins in the upcoming quarter, with earnings per share of $2.

10. The revenue figure of $114. 5 billion represented a 12% year-over-year increase, driven by strong iPhone demand and record Services revenue, confirming the company’s position as the world’s most valuable firm.

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Apple

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Cupertino, California, United States

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