Record iPhone revenue without standard model

Apple earned fifty-seven point fifty-eight billion dollars in iPhone revenue in its fourth quarter, up seventeen percent year-over-year, despite releasing only Pro and Pro Max models.

Price increases offset lack of standard iPhone

Apple raised prices across its older iPhone models at the same time it launched the iPhone eighteen Pro and Pro Max in September, contributing to the revenue jump.

Supply costs and inventory challenges

Apple faced higher memory costs and supply chain constraints. CEO John Ternus said higher memory costs were partly offset by carrying inventory and lower costs on non-memory components.

“We saw higher memory costs as compared to the June quarter, and that was partly offset by the benefit of carrying inventory and lower costs on non-memory components.”

Broader growth across Apple's business

Apple's overall revenue grew twelve percent to one hundred fourteen point five billion dollars. Mac revenue jumped twenty-four percent to ten point seventy-nine billion, while services reached thirty-one point fifty-seven billion.

iPhone Duo launch with limited availability

Apple released its first folding phone, the iPhone Duo, but had only limited stock at launch with some shipment dates extending into twenty twenty-seven. Preorder sales are not included in this earnings report.