Apple beats fiscal Q4 estimates as strong iPhone sales meet rising memory costs
Apple reported fiscal fourth-quarter revenue of $114.48B and diluted EPS of $2.10 on November 2, beating expectations in John Ternus’s first earnings report as CEO. iPhone revenue rose to $57.6B and Services revenue reached $31.57B. Shares slipped despite the quarterly beat as investors focused on memory costs, margins and the holiday outlook.


