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Apple reports Q4 earnings and revenue slightly above Wall Street estimates

The iPhone maker reported its FY 25 fourth-quarter earnings Thursday.

10/30/25 4:37PM

Apple reported earnings Thursday that beat analysts’ expectations. Revenue for the iPhone maker’s fourth quarter was $102.5 billion, slightly above the $102.2 billion analysts surveyed by FactSet expected and up 8% year over year.

Apple’s diluted earnings per share were $1.85, compared with Wall Street’s $1.78 forecast for the quarter ended in September, which includes a couple weeks’ worth of new iPhone 17 sales.

The company’s fourth-quarter earnings give an indication of how the latest iPhone — which is responsible for most of Apple’s product revenue and nearly half its total revenue — might perform in the company’s all-important holiday quarter. The stock was recently propelled above a $4 trillion market cap, in part by leading indicators that suggested iPhone 17 sales were ahead of last year’s model.

During the company’s earnings call today, investors will be looking for more details on this quarter’s expected iPhone sales as well as for updates on Apple’s AI progress, which has lagged its peers. They will also be paying attention to how tariffs have affected the iPhone maker; on the company’s last earnings call, management said it expected tariffs could cost $1.1 billion during this past quarter.

For Q4, the company’s iPhone sales were $49 billion, shy of the analyst consensus estimate of $50.1 billion but up 6% from the same quarter last year. Meanwhile, the revenue from Apple’s Services division was $28.8 billion, slightly above the Street’s $28.2 billion forecast. Its Services revenue, while less visible, is increasingly important to the company’s top line. That segment includes everything from the revenue it makes from the App Store and iCloud storage to Apple TV and the ~$20 billion a year Google pays it to be the default search engine on its products.

“Today, Apple is very proud to report a September quarter revenue record of $102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services,” CEO Tim Cook said in the earnings release.

China sales were a disappointing $14.5 billion, below analysts’ expectation of $15.5 billion.

The stock is up about 3.5% aftermarket.

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Major platforms like Kalshi and Polymarket have seen huge upticks in users of late, thanks in no small part to what’s felt like a recent sporting smorgasbord, with major competitions across hockey, basketball, and soccer soaking up fans’ time (and spending, clearly) at the outset of summer.

While gaming industry groups may not like it, there’s been a huge change in the methods people are using to put money on the big games, with everyone from fortunate NYC bar owners, to a far less fortunate Spanish supporter, turning to prediction markets to try and turn their sports know-how into cold, hard cash.

According to a new report from Adam Blacker for apptopia, that shift might have been even more seismic than imagined in the wake of the NBA and NHL finals and around the 2026 World Cup kicking off.

2026 World Cup Reverses Seasonal Lull for Sports Betting Apps

According to a new report from Adam Blacker for apptopia, that shift might have been even more seismic than imagined in the wake of the NBA and NHL finals and around the 2026 World Cup kicking off.

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Anthropic pulls Fable and Mythos access worldwide after Trump administration bars their use by foreign nationals

Only days after releasing two versions of its next-gen AI model, Anthropic has disabled them for users worldwide.

Anthropic says it received a Friday night order from the Trump administration to suspend access to the models for any foreign national (anywhere in the world) — a group that included some Anthropic employees. In response, the company turned off access to everyone.

Last week, the company released to the public its much-anticipated Claude Fable 5 model (and its restricted version Claude Mythos 5, which is still being tested with trusted partners). Anthropic said in a blog post announcing the action that officials cited national security concerns with the new models, while offering few specific details.

The post said that the government gave the company “verbal evidence of a potential narrow, non-universal jailbreak” of the public Fable 5 model. A jailbreak is a means by which users can evade restrictions built into the code to unlock prohibited functionality. Anthropic downplayed the significance of the attack, and said other major models, such as OpenAI’s GPT-5.5, could also be affected by the technique described.

Fears of these first Mythos-class models being misused are running high, after Anthropic warned the cybersecurity world in May that the advanced cyber capabilities of Mythos have rapidly discovered thousands of vulnerabilities in ubiquitous software, leading to the decision to restrict the full version of the model to a close group of trusted partners for testing.

This morning, Axios reported that Anthropic technical staff have flown to Washington to meet with White House officials to resolve the issue.

The Wall Street Journal is reporting that the Trump administration’s decision to take action against Anthropic was prompted by discussions that Amazon CEO Andy Jassy had with officials, including Treasury Secretary Scott Bessent. According to the report, Amazon researchers said they had been able to evade some of Fable 5’s security restrictions using specific prompts. Amazon is a major investor in Anthropic.

Anthropic is currently suing the US government to fight the Pentagon’s blacklisting of the company on national security grounds.

Statement on the US government directive to suspend access to Fable 5 and Mythos 5