Apple (NASDAQ:AAPL) Sets September Quarter iPhone Record and Crosses New Services Milestone Under New CEO

Aditi Sarkar

11 November 2026 03:14 PM AEDT

Apple (NASDAQ:AAPL) Sets September Quarter iPhone Record and Crosses New Services Milestone Under New CEO

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

Apple reported Q4 FY2026 Revenue of $114.5 billion, up 12% year-over-year, with EPS of $2.10 rising 14% and a Shareholder Dividend of $0.27 per share.
iPhone revenue of $57.6 billion set a new record for a September quarter, reflecting strong consumer Demand for the latest iPhone generation including the iPhone Duo.
Apple Services revenue reached an all-time high of $30.7 billion, underpinning the company's evolving high-margin revenue mix.
Full-year FY2026 revenue reached $478.8 billion, with Leadership now under Chief Executive Officer John Ternus following a CEO transition.

Apple Inc. (NASDAQ:AAPL) delivered a memorable fourth quarter of fiscal 2026, ended 26 September 2026, anchored by record September-quarter iPhone performance and an all-time high for its Services segment. With full-year FY2026 revenue reaching $478.8 billion and Services posting its highest-ever quarterly result, Apple's strategic evolution continues at pace.

iPhone Duo Drives Record September Quarter Sales

iPhone revenue of $57.6 billion in Q4 FY2026 represented a 17% increase from the prior year's September quarter, setting a new record for the period. The result was supported by the launch of the iPhone Duo, Apple's latest flagship device, which expanded the company's product lineup and attracted both upgraders and new entrants to the Apple ecosystem.

Services Reach All-Time High Revenue

Apple's Services segment, encompassing the App Store, Apple Music, iCloud, Apple TV+, Apple Pay, and other subscription-based offerings, generated an all-time high revenue of $30.7 billion in Q4 FY2026. Services now represents a substantial and growing share of Apple's total revenue, contributing with significantly higher margins than the hardware Business and providing a recurring, predictable revenue base.

Leadership Transition Under CEO John Ternus

Apple's fiscal 2026 fourth quarter was the first full period reported under the leadership of Chief Executive Officer John Ternus, who assumed the role following a succession transition. Under his leadership, Apple declared a quarterly dividend of $0.27 per share, maintaining the company's commitment to consistent shareholder returns.

Full-Year Performance and Strategic Outlook

Apple's full-year FY2026 revenue of $478.8 billion represents a significant expansion of the company's financial scale and reflects growth across both its hardware and services businesses globally. The strength of Q4 FY2026 and the full fiscal year provide a solid foundation for continued progress in FY2027.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.