Apple reports record quarter – iPhone and Mac sales are up, Services reach an all-time high

Apple announced a record $114.5 billion in revenue for the three months ending in September (which is Apple’s fiscal Q4) with a gross margin of 47.9%. Revenue is up 12% year-over-year and earnings per share are up 14% to $2.10. Tariff refunds helped boost Apple’s numbers by $0.05 per share and 1 percentage point for the gross margin.

For fiscal 2026 (the twelve months ending in September), Apple posted a record-breaking revenue of $479 billion with a double-digit growth in earnings per share.

The iPhone remains Apple’s bread and butter – for the September quarter, smartphone sales…