Apple iPhone 16 is a ‘hit’, and this may be the proof

Apple has released its earnings report for fiscal Q4 2024. Apple’s fiscal fourth-quarter results beat Wall Street expectations for revenue and earnings per share. The company reports $94.93 billion in revenue during the three-month period, up 6% year-over-year. This sets a new September quarter revenue record. For comparison, Apple reported $89.5 billion in revenue in the same quarter last year.
Apple’s fiscal fourth quarter began on June 30 and came to a close on September 28. The iPhone 16 went up for pre-order on September 13 along with the Apple Watch Series 10. As usual, fiscal Q4 can provide an early look at the performance of a new iPhone model, but the numbers don’t paint a full picture, but they do tell that iPhone sales continue to boom.