Apple’s $94.9B quarter: iPhones up, wearables down, AI takes off

Apple announced record fourth-quarter revenue of $94.9 billion, up 6% from last year, driven by strong iPhone sales and continued growth in its services business. Though profits fell to $14.7 billion due to a one-time $10.2 billion tax payment related to a European Union court decision.
“During the quarter, we were excited to announce our best products yet, with the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and remarkable features for hearing health and sleep apnea detection. And this week, we released our first set of features for Apple Intelligence,” Cook said.