Apple breaks record: $102.5 billion in revenue for the best September quarter in its history
Apple has published its results for the fourth fiscal quarter of 2025, ending on September 27, and the figures confirm a record performance. The Cupertino company reports a quarterly revenue of $102.5 billion, an increase of 8% year-on-year, marking the best September quarter in its history.
Net profit reached $27.5 billion, up 13% compared to last year, translating to $1.85 per diluted share (also +13% year-on-year, excluding exceptional items from 2024).
Apple’s annual revenue climbs to $416.2 billion, up from $391.0 billion in 2024, marking an increase of 6.4%. The annual net income is $112.0 billion, reflecting a 23% increase and a diluted earnings per share of $7.49.
The iPhone Remains Apple’s Star Product
The highlight remains the iPhone, generating $49 billion in revenue for Q4, a record for a September quarter. Sales of the iPhone 17, 17 Pro, and 17 Pro Max significantly offset the production challenges of the new iPhone Air, according to Tim Cook.
We are thrilled to have launched our best iPhone lineup to date, as well as the AirPods Pro 3 and the new Apple Watch. With the MacBook Pro and iPad Pro featuring the M5 chip, our lineup for the holiday period is the most exceptional in our history.
– Tim Cook, CEO of Apple
Throughout the fiscal year, Apple achieved $209.6 billion in iPhone revenue, representing a 4.2% year-on-year increase.
Services Reach Record Levels
The Services segment (including App Store, iCloud, Apple Music, TV+, advertising, payments, etc.) saw impressive growth of 15% in Q4, reaching $28.8 billion, an all-time high.
For fiscal year 2025, Services totaled $109.2 billion, reflecting a 13.5% increase year-on-year — a strategic growth driver for Apple, independent of device sales.
With 1.56 billion active iPhones worldwide, this segment remains a stable and recurring revenue source.
Other Segments Show Stability and Continuity
- Mac: moderate increase, driven by the launch of models featuring the M5 chip.
- iPad: stable at $7 billion, but a 5% increase for the year
- Wearables, Home & Accessories (Apple Watch, AirPods, HomePod): revenue virtually unchanged at $9 billion for the quarter, $35.7 billion for the year (-3.6%).
Growth Across Most Regions
Apple recorded quarterly revenue records in the majority of its markets, including the United States and Canada, Western Europe, Japan, South Korea, South Asia, the Middle East, and a record high in India. The only region showing slight decline is Greater China, where sales contracted marginally in Q4.
Tim Cook, CEO, stated: “We have set records in almost all regions, including an all-time high for Services and iPhone. We are approaching the holiday season with our most comprehensive range ever offered.”
According to Kevan Parekh, CFO: “This quarter concludes a record fiscal year with $416 billion in revenue, posting double-digit earnings per share growth. Our installed base of active devices has reached a new global peak.”
The Stock Market Reacts Positively
Markets reacted immediately, showing a positive response:
- Apple’s stock (AAPL) surged by +2.35% in after-hours trading, reaching an all-time high of $277.78.
- Prior to the announcement, the stock closed at $271.40, already up by 0.6%.
Apple anticipates a new historic record for revenue in Q1 of fiscal 2026, corresponding to the holiday quarter, driven by sales of the iPhone 17, demand for M5 Macs, and the continued growth of Services.
In summary: Apple has broken all financial records, driven by the iPhone 17 and Services. Despite a slight decline in China, global growth remains strong. Tim Cook is already promising a new record for the Christmas quarter.
