Apple posts record September quarter as memory costs squeeze its outlook
Apple reported revenue of $114.48bn, up 12%, in John Ternus’s first results as CEO, and warned of lower margins in the holiday quarter. Shares ended the extended session down 2.81%.
Source published · In the Daily Brief of 3 November 2026
Filed under Markets, AI industry
iPhone revenue rose 17% to $57.58bn and Mac revenue 24% to $10.79bn, while iPad fell 10% and wearables 8%. Net profit was $30.71bn and earnings per share $2.10.
Executives expect the highest quarterly revenue in Apple’s history over the holidays, but slower growth, lower margins and continued shortages of some Mac and iPad models, according to 9to5Mac. The shares fell as much as 4.43% after hours during the call, having closed down 1.83% in the regular session.