Apple Surpasses Q4 Expectations With $102.47 Billion Revenue as Supply Challenges Persist

Apple Inc. reported its fiscal fourth-quarter earnings on October 30, 2025, revealing revenue of $102.47 billion and earnings per share (EPS) of $1.85, both surpassing analyst expectations. Despite facing supply constraints and a delayed launch of the iPhone Air in China, CEO Tim Cook projected double-digit year-over-year growth in iPhone sales and an overall revenue increase of 10–12% for the upcoming holiday quarter.

In the fiscal fourth quarter, iPhone sales reached $49.03 billion, slightly below projections. However, other product segments, including AI-enhanced AirPods, contributed to profits exceeding Wall Street targets. The Services segment also experienced significant growth, with revenue expected to surpass $100 billion annually, primarily driven by the App Store.

Following the earnings report, Apple's stock declined by 1.5%. Despite this, the company's strategic focus on integrating artificial intelligence across its product lines and diversifying its manufacturing footprint positions it for sustained growth.

Apple faced challenges in meeting demand due to supply chain issues, impacting product availability. Delays in launching the iPhone Air in China affected regional sales, which dropped to $14.49 billion from an expected $16.24 billion.

Apple is increasing investment and reorganizing teams to develop AI technologies integrated across its ecosystem. In the third quarter of 2025, Apple reported revenue of $94.04 billion and an EPS of $1.57, with iPhone revenue at $44.58 billion. In the fourth quarter of 2024, Apple achieved revenue of $94.93 billion and an EPS of $1.64, with iPhone revenue at $46.22 billion.

Apple's resilience amid supply chain challenges, the role of AI in its product strategy, growth prospects in the Chinese market, and investor sentiment post-earnings are key themes to watch as the company navigates the evolving technology landscape.