From CNN Brasil · Da Reuters · · 1m 30s
Apple Beats Wall Street Expectations with iPhone 18 Demand and Price Hikes
Apple's iPhone 18 demand and price increases boost quarterly profits to $30.711 billion.
In brief
Apple's iPhone 18 demand and price increases boost quarterly profits to $30.711 billion. Apple reported $30.711 billion quarterly profit, exceeding Wall Street expectations due to strong iPhone 18 demand and price hikes. Originally reported by CNN Brasil.
Apple Reports Strong Quarterly Results
Apple's quarterly results exceeded Wall Street expectations, driven by strong initial demand for iPhone 18 Pro models and price increases.
Record Quarterly Profit of $30.711 Billion
Apple achieved a record quarterly profit of $30.711 billion, a 11.8% increase from $27.466 billion in the same period of 2025.
iPhone 18 Demand Surpasses Analyst Estimates
iPhone 18 sales in the quarter reached $57.58 billion, exceeding analyst estimates of $56.54 billion.
New CEO John Ternus Highlights Record Year
New CEO John Ternus stated Apple's results mark its best fiscal year, with total revenue of $478.834 billion and net profit of $132.175 billion.
iPhone Sales Growth and Service Revenue
iPhone sales grew 17.5% year-over-year to $57.583 billion, while services revenue hit a record $31.573 billion.
Regional Revenue Growth
Apple's revenue grew 21% in China, 10.2% in the Americas, and 11.5% in Europe, with strong performance in all regions.
Price Hikes to Offset Memory Chip Costs
Apple increased iPhone 17 prices by $100 and raised MacBook prices to offset rising memory chip costs, a challenge Tim Cook compared to a century flood.
The one thing
Apple reported $30.711 billion quarterly profit, exceeding Wall Street expectations due to strong iPhone 18 demand and price hikes.
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