Apple closed its fiscal year 2025 on a strong note, posting $102.5 billion in revenue for the quarter ending September 27, an 8 percent increase from the same period last year. The tech giant’s net income nearly doubled to $27.47 billion, while earnings per share rose 13 percent year-over-year to $1.85.
The company’s performance was largely driven by record-breaking iPhone sales. Revenue from iPhones surged to $49.03 billion, up 6 percent from last year, even though the iPhone 17 series and the new iPhone Air were available for only the final eight days of the quarter. Apple expects the full impact of these launches to be reflected in its Q1 2026 results.
The Services segment also achieved a new high, generating $28.75 billion in revenue — a 15 percent year-over-year increase. This growth was fueled by continued expansion in the App Store, iCloud, Apple Music, and other subscription offerings.
Meanwhile, Mac sales rose 13 percent to $8.73 billion, despite the absence of new product launches during the quarter. The recently introduced M5 MacBook Pro is expected to further boost upcoming results.
iPad sales remained steady at $6.95 billion, while the Wearables, Home, and Accessories category grew 5 percent to $9.01 billion, supported by strong demand for Apple Watch and AirPods.
Looking ahead, Apple projects revenue growth between 10 and 12 percent for the December quarter, anticipating strong holiday demand. However, the company warned of rising tariff-related expenses, estimating costs of $1.4 billion in Q1 2026, up from $1.1 billion in Q4.
For the full fiscal year, Apple reported $416.16 billion in total revenue, compared with $391.04 billion in FY24. Net income climbed to $112 billion from $93.74 billion a year earlier, underscoring the company’s robust financial momentum heading into 2026.
