Apple has announced its financial results for the fourth quarter and full fiscal year ended 27 September 2025. The company delivered $102.5 billion in total Q4 net sales – an 8% year-over-year increase driven by a strong performance in its services segment and continued strength in iPhone sales. This top-line growth, combined with an improved gross margin, resulted in a significant 86% increase in net income to $27.5 billion for the quarter.
● Services revenue: $28.75 billion, a 15% year-over-year (YoY) increase.
● iPhone revenue: $49 billion, a 6% YoY increase.
● Earnings Per Share (EPS): $1.85, an increase from $0.97 in the prior year.
● Gross margin: 47.2%, up from 46.2% in the prior year.
● Operating income: $32.4 billion, a 10% YoY. increase
Analysis & Outlook
Apple’s latest quarterly results reaffirm its status as one of the most resilient and innovative companies in the global tech environment. In the 6 months-to-date, Apple’s stock price has surged more than 30%, now trading around $270, a reflection of strong investor confidence and upbeat market sentiment. Its Q4 performance showcased strength across both hardware and services, with total revenue growth driven by robust iPhone sales. It continues to expand profitably, demonstrating the success of its ecosystem-driven model. Looking ahead, Apple’s outlook remains positive as it deepens its ecosystem integration across devices and AI-driven services, reinforcing a stable mix of recurring and cyclical revenue streams. Analysts' consensus maintains a generally bullish stance, with most ratings in the buy or moderate buy range and an average 12-month price target between $285 and $300, implying modest upside potential. The consensus view is that Apple’s expanding services portfolio, strong brand loyalty, and innovation in AI and wearables will continue to underpin its growth trajectory, making it one of the most closely watched names in the tech sector.
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
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