Apple Predicts 10-12% Holiday Revenue Growth on Strong iPhone 17 Demand

Apple reported stronger-than-expected Q4 results with $102.47 billion in revenue and an EPS of $1.85, driven by solid performances in services and Macs alongside the iPhone. The company forecasts a 10-12% revenue growth for the December quarter, primarily fueled by "exceptional" demand for the newly launched iPhone 17 models, which have already experienced supply shortages. Despite a 3.6-4% sales decline in China attributed to supply delays, Apple remains optimistic about a swift recovery and set a record for expected iPhone revenue in the upcoming quarter. The tech giant continues to expand its high-margin services and accelerate AI development, including plans for an enhanced Siri integrated with Apple Intelligence by 2026 and a partnership with OpenAI. Tariffs imposed under the Trump administration added significant costs, but Apple absorbed these without passing them to consumers, while shifting some production to India to mitigate impacts. Overall, Apple anticipates a record holiday season driven by strong consumer demand and strategic innovation, reflected in a positive market reaction with shares rising over 4% after earnings.