Apple Beat Sparks Market Rally

Global markets rallied as investors reacted to Apple’s fiscal Q4 2025 earnings beat, with the company reporting $102.5 billion in revenue and EPS of $1.85. Apple said Services revenue was about $28.75–$28.8 billion and iPhone revenue rose roughly 6% year‑over‑year to about $49 billion, and management forecasted double‑digit iPhone growth in the December quarter amid very strong demand and supply constraints on several iPhone 17 Pro models. The results pushed Apple’s market capitalization above $4 trillion and sent shares sharply higher in after‑hours trading, sparking a broader post‑earnings tech rally that lifted U.S. futures and stocks. Asian futures were mixed and U.S. Treasuries fell as Fed rate‑cut expectations were tempered amid mixed Big Tech results and ongoing U.S.–China trade developments.